IMAGE PROPERTY OF A.F. BRANCO COMICALLY INCORRECT
By Terry Ponick
Something’s bugging this stock market as June’s rather unexpected (by the Maven) bull run seems to be running out of steam, not to mention volume. As of about 3:30 p.m. EDT, the Dow is off about 37, the S&P 500 is off 5, and the tech-heavy NASDAQ is off a bit over 11.
Worries persist of course over Putin’s intentions in the Ukraine and the Islamofascists’ intentions in Syria and Iraq, although we know none of these players are up to anything that might exactly benefit the American people. But likely haunting the market, which tends to be forward-looking by roughly 6-9 months, could be the generally expected rise in interest rates as well as the elephant hiding in the room: that great big, hulking Obamacare monster whose full fury, via a likely unconstitutional executive order, is waiting to pounce after the November elections.
What we’re referring to of course is this….
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