What Shutdown?

The market totally ignored the hysterical reporting about how a government shutdown would destroy the economy and rolled up decent gains today. The indices didn't even fully reflect how strong the action was. Look at the iShares Russell 2000 (IWM) if you really want to see what is going on. The small-cap index hit a new all-time high, but many of the big-cap momentum names racked up excellent gains as well.

All year long, we have had a situation where underinvested bulls are forced to chase a market that never stays down for long. Even though the bears have these very insightful and compelling arguments, it just hasn't mattered -- a slow economy, tapering, a recession in Europe, rising interest rates and a government shutdown. It's irrelevant to a market that keeps plugging away as market players continue to chase performance....1294 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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