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Government Shutdown Non-Event for Investors

As the US Government appears ready for a shut-down in less than 12 hours, investors couldn't be more disinterested. So far the S&P 500 index is up .02 points for the week, translating to a 0.00 percent increase. I can't remember a more boring week.

Of course it's possible that the US stock market would have surged without the threat of this shut-down. I admit, I can't explain why the stock market does what it does over any quarter, much less one week. And the market isn't closed as I write this. Still, there is some evidence that investors couldn't care less about this shut-down, as it relates to their portfolios.

That said, I hope for an end to this partisan bickering. Can't we all just get along? I think the stock market would react positively to this, though I should stick to writing about reality rather than fantasy.

Postscript - Perhaps investors cared a little, since stocks ended up slipping by the end of the day. The US stock market, as measured by the Vanguard Total Stock Market ETF (VTI), closed down 0.32% for the week. A yawner if you ask me.

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