Home Forums Hunting & Shooting Hunter's Campfire The Gov shuts down and the Markets go up....

Not up a lot but considering the sky is falling on a Friday afternoon it seems NASDAQ and the Dow don't really mind. If the gov stays down another week or so and the markets really, really rally it'll be a laugher for sure.

NASDAQ Composite
NASDAQ Indices: .IXIC - Oct 4 2:32 PM ET
3808.28 +33.94 (0.90%)

Dow Jones Industrial Average
Dow Jones Indices: .DJI - Oct 4 2:31 PM ET
15065.98 +69.50 (0.46%)

Capitalism only works when the government gets out of the way.

Government activity is a burden on the economy. If we had pre 1913 levels of government activity our economy would surpass that of the entire remainder of the world combined in size and vitality.

Same thing happened in 94 when the Government shut down. The shutdown indicates to the market the Republicans are actually serious about trying to cut something. Considering how we are already 17 TRILLION in debt, it's about time.

it seems up (for the day) , because it went down so much since the shutdown. check the data for the week, a net loss:

chart

Well Wall Street isn't buying what Oblah-blah is trying to fear monger the markets to lower levels.

'White house baits , wall street doesn't bite'
http://www.cnbc.com/id/101087634

Looking at that picture........did someone pin his ears back for him?

It's been down since the shutdown. A little bit of up today, but that's about it.

Don't let facts get in your way though..

Who the [bleep] looks at the market a week at a time?

Republicans sometimes look at only a day or two just to make themselves feel better.

a) people who are 5 times smarter than those that look a day at a time?

b) everybody, if a week is all that has transpired since an event that supposedly "affected the market"

If this goes on and we miss the next borrowing limit, I expect some changes in the markt. And I don't follow markets much.

Sycamore

Nasdaq composite chart:



From the beginning of Sept until now Nasdaq has trended up. Monday 9/30 that market was down but climbed on Tuesday for a 30 day high. It dropped slightly on Wednesday but was still higher than all daily highs for Sept except the previous day. It dropped more on Thursday but not badly compared to the monthly trend. Friday's close was up over Thursday and was exceeded during the past 30 days only by Tuesday & Wednesday of The Week of Dire Consequences. That should not have happened on a Friday in a skittish market. But it did.

Dow Jones Industrial:



The Dow on the other hand peaked for the month on the 18th before dropping. It bottomed around mid-day Thursday 10/3 then began to recover closing on a high note Friday afternoon with a net gain for the month. Again, this should not have happened on a Friday with a skittish market. But it did.

S&P 500



Standard & Poors showed a chart similar to DJ but with overall better results.

You see, so far the market is not panicked. Far from it. What the next week will bring who knows. But if zero keeps up his tantrums and the Republican conservatives don't let the old school collapse the party in defeat the market could benefit further from the shutdown.

But don't let the facts get in your way.

The market already knows that the 'Emperor has no clothes.' Nobody is panicking except the political class, who have miscalculated the people's desires again.