
The Health Care Bargain

By Jim Cramer
About this article:
Health care's not done rallying. As President Obama prepared himself for claiming a great political victory, we are all recognizing that the single-payer, socialized medicine covering cradle-to-grave, 100% paid for by the rich, the fear that left all things health care in the p/e dustbin, is dead. That's not going to happen.
That leaves us with the biggest bargains the market has to offer.
Health care has NEVER been this lowly valued relative to the market in its history. Remember 98% of the time it trades at a meaningful premium. I think that many believe some of these moves like the Celgene move is because of gigantic new drug finds. In fact, I think they just got too cheap and the only thing really meaningful about the Celgene rally came because one of its Revlimid studies was stopped for good results, actually a predictable event given how...

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