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Wednesday, October 02, 2013


Government shuts down, markets rise.

The market does not like uncertainty and as the House and Senate ping-ponged bills at each other yesterday, the markets sold off. But as the reality hit that there was not going to be a last-minute compromise and the sun rose in the East, people realized that a government shut-down in a free-market economy is not a financial Armageddon. So at the opening bell, the US stock market rose, as did many markets around the globe.

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