"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Friday, June 29, 2012

In Fairness... Does the Market Love Obamacare?

After bouncing down yesterday, it's bounced back up.   

Or does the market love certainty, regardless of what the government policy is?

Or, on the other hand, is the market reacting to the deal on the Euro?

Either way, I wouldn't bet on the long-term positive effects of Obamacare on the American economy.  

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