Stocks edge higher, but investors remain cautious

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  • Gildas LOGAN, UT
    Oct. 4, 2013 10:34 a.m.

    Why refer to the last THREE WEEKS? The shutdown has been how long? So far as I can find out the overall result of the shutdown, for the market, has been positive, an overall increase starting on the very first day.

    The media have drawn plenty of parallels between the current budget battle and the previous one in November and December 1995.

    That fiscal fight, between Bill Clinton and Newt Gingrich, played out similarly. Notwithstanding some volatility, the S&P 500 Index actually rose during two separate shutdowns in November and December 1995.

    In fact, stocks tend to perform better than average in the aftermath of a shutdown.