The Briefing Room

General Category => Politics/Government => Topic started by: ABX on September 26, 2013, 04:51:36 pm

Title: Here’s what happened to the S&P 500 last time the government shut down (Support Shut Down!)
Post by: ABX on September 26, 2013, 04:51:36 pm

Quote

(http://s.wsj.net/public/resources/MWimages/MW-BL912_SP500__ME_20130926083033.jpg)

...He notes that the peak-to-trough decline associated  with the shutdown of the U.S. government between Dec. 16, 1995 and Jan. 6, 1996 saw the S&P 500 drop 3.7%, “only to witness a jump of 10.5% in the subsequent month.”

http://blogs.marketwatch.com/thetell/2013/09/26/heres-what-happened-to-the-sp-500-last-time-the-government-shut-down/?link=sfmw_fb

Also a reminder, when the government shut down in 1996, the same scare comments were used but it led to a balanced budget that those who were beating the fear drum, then took credit for. (cough, Bill Clinton, cough).

Don't be afraid of a government shut down if it forces the budget to balance. It is the ever expanding debt we should fear.  Support the shutdown.

Title: Re: Here’s what happened to the S&P 500 last time the government shut down (Support Shut Down!)
Post by: Rapunzel on September 26, 2013, 06:51:59 pm

and we elected two Republicans to the senate that year.  Clinton won because Dole was ....... well  Dole.