What the market thinks

Last Thursday the Supreme court of the United States ruled that Congress had the right to implement the Affordable Care Act (ACA) in the way that it did. Those who have been against this law have a variety of reasons for why they think it is bad for the country. One of the more popular refrains is that "Obamacare" will cost the U.S. "jobs" and that it is bad for small business.

Below I have printed a chart of the Russell small cap index. An index of U.S. small corporations. Since the ruling by the Supremes the price has only gone up. WTF!! Ditto for the other indexes.

The right leaners in this country are fond of saying that "the market" knows best. Well, WTF!!
I know they are all liars and you know they are all liars. Do they realize what liars they are?

gh