jones industrial average. the question for a lot of investors right now is about sentiment. we ve seen this pullback in the past over the course of the five or six years and each time we ve had these kind of moves lower, the buyers have come in and bought stocks on sale. now it s going to be about whether these gains can hold this time around. in an interesting note here as well, jose, according to s&p dow jones indexes, they track the big moves. he says over the last six sessions entering today, the s&p 500 index, 2.5 trillion in market value over the past six days. is that enough af discount for people to buy or is there more pain ahead. thank you very much. we ll continue to watch that story for you. but we want to go back to breaking news, we re following out of monetta, virginia, a
today s oral arguments, a lot of people are openly wondering if the swing vote might not be justice roberts but anthony kennedy. at one point during the oral arguments today, justice kennedy asked a question in which he seemed very worried about the prospect of the supreme court effectively destroying the health care system in more than three dozen states with this one ruling. he said to the plaintiffs attorneys today, quote, there is a serious constitutional problem if we adopt your argument. this is my favorite data point from the whole day today. after justice kennedy said that, in the oral arguments on this case, look what happened in the outside world. look at the headline here. hello? do we have it? oh, come on. hospital stocks surge. come on, hospitals had argued all right. hospitals argued they would suffer significant harm by striking down obamacare in this case. when justice kennedy said he saw constitutional issues, hospital stocks went through the roof. hospitals rose mo
justice roberts but anthony kennedy. at one point during the oral arguments today, justice kennedy asked a question in which he seemed very worried about the prospect of the supreme court effectively destroying the health care system in more than three dozen states with this one ruling. he said to the plaintiffs attorneys today, quote, there is a serious constitutional problem if we adopt your argument. this is my favorite data point from the whole day today. after justice kennedy said that, in the oral arguments on this case, look what happened in the outside world. hospital stocks surge after justice kennedy criticizes obama care. hospitals rose more than all other stocks on the s&p 500 index. we must be humble at times like this, we cannot report things we do not know. we cannot predict things. we have to be humble in terms of
hospitals argued they would suffer significant harm by striking down obamacare in this case. when justice kennedy said he saw constitutional issues hospital stocks went through the roof. hospitals rose more than all other stocks on the s&p 500 index. so, yeah we must be humble at times like this. we cannot report things that we do not know. we cannot predict things thank you very much, there s the headline. we have to be humble about things like that right? we have to be humble in terms of predicting what might happen. we have to be humble in terms of predicting particularly when it comes to the supreme court. especially given the history of the media screwing things up around the supreme court and this particular law. with that enforced humility about stories like this and with the hugely high stakes in this case today, what it means for everybody in this country, how did it go today, and what does dolly think is going to
benefit plans, some want to offer 401(k)s, remove bailout from the equation. rich, should it be only 401(k)s, no pension plans? well, i agree with john, but most companies and unions should go with 401(k)s. as warren buffett says, the best plan is dollar cost average into a broad s&p 500 index and outperform the professional managers 8 out of 10 times. rick, corporate pension plans are the back stop, it is funded by insurance premiums that companies pay. i think mike probably agrees, but still, taxpayers could be on the hook for it. i have to say, carrie made a good point. the concept of a defined benefit plan worked better in a manufacturing based society. the thing i have concern over is i think you can t go to people that have based their retirement