We just finished one of the most momentous weeks in the market since Ocotber 2008 when it appeared the global financial system looked like it was becoming unglued. We had a landmark decision by the Supremes on Obamacare and we ended up the week with a delirious market reaction to the EU Summit.
This will be an abbreviated commentary and there will be no commentary next week as I take a much needed rest from the ordinary weekend regimen.
The Supreme Court, in a landmark ruling Thursday, upheld the individual insurance requirement at the heart of President Barack Obama's health care overhaul.
The court on Thursday handed Obama a campaign-season victory in rejecting arguments that Congress went too far in requiring most Americans to have health insurance or pay a penalty.
Chief Justice John Roberts announced the court's judgment that allows the law to go forward with its aim of covering more than 30 million uninsured Americans.