Sizing Up Shutdown Spending

As I mentioned earlier this week, I have been keeping one eye on the stock market and related news, while the other has been watching what I can only call a verbal ping-pong match in Washington D.C. Yes, the government is shut down and based on the news flow following the gathering of President Obama and congressional leaders last night, it seems the shutdown will persist. The question is for how long.

We're already hearing from chief executive officers at companies like Honeywell (HON) and JetBlue (JBLU) that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound. It's those two words in particular -- prolonged shutdown -- that have investors questioning the potential impact on the housing and automotive markets. That's likely to take some wind out of the post no-taper rebound in Toll Brothers (TOL), Lennar (LEN), Standard Pacific (SPF) and others. How long until worry, uncertainty and speculation weigh on other sectors?...288 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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