Understand It: Markets Celebrate A Government Shutdown With A Rally
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.