Stocks Could Fall 20-30% if Shutdown Isn’t Resolved Soon: Barry Ritholtz

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Stocks Could Fall 20-30% if Shutdown Isn’t Resolved Soon: Barry Ritholtz

Stocks Could Fall 20-30% if Shutdown Isn’t Resolved Soon: Barry Ritholtz
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Stocks Could Fall 20-30% if Shutdown Isn’t Resolved Soon: Barry Ritholtz

by DailyTicker 4:15 mins

Stocks Could Fall 20-30% if Shutdown Isn’t Resolved Soon: Barry Ritholtz

by DailyTicker 4:15 mins

The government shutdown and the looming debt-ceiling deadline are dominating headlines but haven’t really made much of a dent in the stock market. Heading into Friday’s session, where major averages are up modestly in recent trading, the S&P was still within 3% of its all-time high, reached on Sept. 18. “It turns out the market really doesn’t care much if [the shutdown] is a day or a couple of weeks,” says Barry Ritholtz, chief investment officer of Ritholtz Wealth Management. “Where it becomes a concern…i

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Market Movers

  1. 12:25

    GDP turns negative in Q1; Game Stop's high score; Amazon's food line

  2. 2:09

    JPMorgan to cut more than 5,000 jobs: WSJ

  3. 2:03

    GDP shows economy shrank in the first quarter

  4. 3:42

    Amazon may be planning to roll out its own private-label brand: WSJ

  5. 11:06

    Investors eye China/jobs; Semiconductor megamerger; Visa's FIFA threat

  6. 2:12

    Abercrombie & Fitch jumps; Costco falls; Broadcom & Avago merge