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    The Dow Jones and Obamacare decision

    The Dow Jones and Obamacare decision

    The Dow Jones dropped nearly 100 points in the hour after the Supreme Court Obamacare decisions were announced, just after 10am. It dipped to 12,462 at its lowest point after having begun the day at 12,626.



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    janitor | June 28, 2012 at 2:37 pm

    The price we are about to pay for what largely amounted to a lecture by the Supreme Court on the commerce clause, along with a finger wag and a light slap, is going to be grievous.

    “If this is what you want, well Daddy will get it for you this time. But don’t go about it this way again, and maybe you also want to think about whether it was really what you wanted”.

    And Romney’s reaction speech made me want to barf, it was such a weasel. Hope is dimming. It’s a sad day for America.

    Now I’m going to go get drunk with the tipsy coachmen… pick a bar fight or something…

    Just a coincidence I am sure. I hope no one at the Court played the market short today.

    Instapundit makes some points about losing the battle and winning the war… I get that from the Roberts opinion, and while I would like to hope that is true I fear it will not play out that way.

      EBL in reply to EBL. | June 28, 2012 at 3:32 pm

      Glenn Reynolds is more sanguine about this decision, thinking that Roberts may have intentionally lost the battle to win the war (and take on the commerce clause). I am less optimistic on that. Still, if this is a tax can it be filibuster proof? If that is the case 50 votes and Mitt Romney as president (and a GOP Veep) is enough to make this go away.

    JimMtnViewCaUSA | June 28, 2012 at 3:35 pm

    Odd that now has moved the Dow to the middle of the summary page and the left-most number, which you see first, is now the S&P number.
    The S&P is only off 13 points. Low-info voters will not be alarmed 🙂

    I join those who are depressed. You can spin this any way you want but the decision has given aid and comfort to the enemy.

    Henry Hawkins | June 28, 2012 at 4:55 pm

    Today we learn that even a financial mathematical construct like the Dow can be racist.

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