A Government Shutdown Is No Reason To Be Selling Stocks

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Monday, September 30, 2013 A Government Shutdown Is No Reason To Be Selling Stocks Stocks are tumbling today, and some pundits are blaming the impending U.S. government shutdown. But this wouldn't be the first time the government shut down. In fact, the stock market actually rallied during past shutdowns. Below is the chart for the S&P 500 showing what happened in the double-barreled shutdown that started November 14-17, 1995 and then resumed December 16,1995 -January 5, 1996. "Counter-intuitively the S&P 500 rose during both shutdowns, up 1.83% and 0.06%, respectively," noted Oppenheimer's John Stoltzfus. "Curiously enough a difference of opinion on the first shutdown was tied to issues that included Medicare premiums. The second shutdown was linked to a seven-year budget plan proposed by the White House" "Post the second shutdown the S&P 500 rallied some 10.52% from January 10th through February 12th 1996," he added.   No reason to panic. Read » Also On Markets Today: STOCKS FALL, GOVERNMENT SHUTDOWN IS HOURS AWAY: Here's What You Need To Know S&P: This Sort Of Political Brinksmanship Is Exactly Why The US Is No Longer Rated AAA Advertisement CHART OF THE DAY: How The Stock Market Traded Before And After The Last 3 Policy Time Bombs CHART OF THE DAY: Investors Aren't Worried About The Debt Ceiling Debate AT ALL CHART OF THE DAY: We Should Be Thankful For This Financial Innovation That Was Blamed For The Financial Crisis Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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