I've posted this graphic in the past, but I believe it's worth updating and re-posting. Keep this chart in mind the next time someone says "Obamacare" is going to destroy our private healthcare system. If that were true, these managed care stocks would not have crushed the market since the end of last October. Bottom line is investors as a group are typically not stupid and such massive stock outperformance indicates these companies will likely do better than ever (i.e. "Obamacare" didn't go far enough).

Click on to enlarge