3) It ain’t gonna be a coronation. HRC must have been taken aback last week when two members of the traveling sisterhood – Diane Sawyer of ABC News and Terry Gross of NPR – actually pressed her with uncomfortable questions about Benghazi and gay marriage, respectively. Hillary didn’t respond well in either situation, and the ensuing coverage was instructive. If she can’t count on favorable press coverage during the choreographed rollout of a self-reverential memoir, what does that tell us about how she’d do in debates against a determined opponent? And does Clinton really want to face the scrutiny, not to mention the slings and arrows, that come with any campaign?

4) Obama is leaving a mess. President Obama’s second term is complicating matters significantly for Hillary. His foreign policy, which Clinton helped direct for four years – is adrift. The situation has unraveled dangerously in Syria and now Iraq. The infamous “reset” with Russia is a joke. Obama’s job approval rating is on the slide, and not only on foreign policy. He’s struggling to stay relevant in Washington or to move any sort of domestic agenda forward, which will be made even more difficult if Republicans take the Senate in November. It’s hard to see how any of these dynamics change for the better in the next two years — and they may get worse. Hillary will not want to be seen as running for Obama’s third term, yet she won’t be able to distance herself too far from his record. That will be a tough needle to thread politically (see point #1).