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The Government-Dominated Market

This week’s market action has been dominated by — you guessed it — the political showdown in Washington and the government shutdown. Wednesday marks day two of the partial federal shutdown. As of this writing, both Democrat and Republican leaders are vowing not to budge in the battle to come to terms on a stop-gap measure to keep the government fully funded.

Now, while I suspect this political theater will come to an end relatively soon, nobody knows just when the situation will be resolved, hence the uncertainty and selling we’re seeing in stocks right now. Moreover, the fight over the budget will soon take a backseat to the real pending fight over the much more significant issue of the debt ceiling. This is a battle that, I suspect, will negatively influence markets going forward, and that is something all investors must be prepared to tackle.

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The Government-Dominated Market

This week??s market action has been dominated by — you guessed it — the political showdown in Washington and the government shutdown. Wednesday marks day two of the partial federal shutdown. As of this writing, both Democrat and Republican leaders are vowing not to budge in the battle to come to terms on a stop-gap measure to keep the government fully funded.

Now, while I suspect this political theater will come to an end relatively soon, nobody knows just when the situation will be resolved, hence the uncertainty and selling we??re seeing in stocks right now. Moreover, the fight over the budget will soon take a backseat to the real pending fight over the much more significant issue of the debt ceiling. This is a battle that, I suspect, will negatively influence markets going forward, and that is something all investors must be prepared to tackle.

To read the rest of this article, click here now.

Newsletter Signup.

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Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbert??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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