Healthcare a safe haven now, but for how long?
AP/Yahoo News, February 6, 2009
Investors who sought refuge in healthcare have reason to feel less queasy than most in an economy where no industry has been recession-proof. Healthcare stocks posted the second-smallest loss over the past year among 10 sectors tracked by Standard & Poor's, with an average decline of 21.6% through the end of January. But now comes the tricky part: figuring out how much safe-harbor staying power healthcare has left 14 months into the recession.
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