The Dow closed above 26000 and the NASDAQ finally topped its inflation adjusted high
last week, begging the question: Why don’t investors care about a government
shutdown? The answer may be that they don’t care about lots of risks that exist, but
more specifically, previous periods when Congressional impasses have lead to Uncle
Sam shuttering some of its operations, have not spelled Armageddon for stocks.
Here we go again…yet another chance for a government shutdown looms this week. The government is currently being funded by a continuing resolution (CR), passed in December 2016, through April 28, 2017, but there are still five months remaining for this fiscal year that need funding. Both chambers of Congress must pass a bill, which the President would sign, before midnight on Friday in order to avoid a shutdown.
Read MoreI recently reviewed investment moves to make before year-end – now it's time to tackle employee benefit and retirement issues, as well as other savings ideas.
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