Cramer expects a sell-off, “maybe even a big one,” if a new health-care bill passes.  He also notes a wholesale sell-off if investors see 2011 as the year that profit taxes go through the roof, which I think is highly likely.

“First, it is the single biggest impediment to the stock market going higher. And a lot of this has to do with what’s not being talked about enough with how it’s going to be paid for and also about what it will do to small business formation. This bill is a disaster for both.” -Cramer

health care bill cramer