How America Could Benefit from the Government Shutdown
A fiasco is brewing out there. Unable to reach a compromise on Obamacare, the House failed to reach a resolution. Now the government has begun to shut down some of its non-essential services due to the lack of funds and the approaching debt ceiling deadline on October 17.
I know the stock market recently traded at record-highs, but in my view, so what? Over the past decades, I have seen multiple tops and bottoms, and I still feel the stock market could be at a multiyear top. As I discussed in my last commentary regarding the fragility of the S&P 500 chart, I see downside vulnerability. I do not feel the stock market is deserving of these levels.
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