Government shutdown (disfunction) and the market.
I looked up the last time that the US government failed and had a shutdown over the lack of a budget. Back in the end of 1995 and early 1996, the Republicans caused a government shutdown over the budget. Good ole' Newt.
My question was, how did the market react to that time period? Honest, looking at the S&P index, there was no slowdown in the great market rise during that time.
Will the current shutdown be the same? Are we on a great bull run like the mid-nineties, unable to stop for years?
I don't know. I put in some sell orders for some stocks that have risen and I will probably take some profits. I also put in some low-ball buy orders for other stocks. Maybe there will be some volatility, maybe not.