Confession: I'm an incurable optimist. I have those moments where I'm down in the pessimism gutter fighting my way to see the positive. While I should be as panicked and confused as most Americans, I have found some good in the recent shutdown.
First, a worthy shout out to the president for sticking to the original plan. As far as I'm concerned, he has allowed the other side to bully him for far too long. Whether or not we agree with his health care plan, or any of the administration's leadership for that matter, its safe to say Obama has won the respect of many by refusing to budge.
Second, while many corporations and investors alike were watching the markets as the shutdown became a reality, the good news is that historically stock performance has held up pretty well during prior shutdowns. For those who have not kept up with prior stalls, there have been a total of 11 federal closings since the mid-80s. The longest was in December of 1995, which lasted 21 days. The stock market did react as it naturally should, but a pictograph released by Bank of America and Merill Lynch shows no real pattern tied to the shutdowns per say. In fact, the market's historical reactions have been erratic at best, which indicates there was something else at play. Apparently, it wasn't a comprehensive health plan, which just proves that the only real threat to the economy is what President Obama has referred to as the conservative's "ransom" work ethics.
So, yes, some federal services have been cut, as well as federal jobs unfortunately. Considering the financial mess we've seen since the beginning of the century, its safe to say that we will make it through, guys. Judging from past shutdowns, our government will begin functioning again, and stock prices will rise. Maybe not today or tomorrow, but soon. How we guarantee this is by sticking to facts and not plain rumors.
Just a few years ago, there were plenty of doomsday predictions circling the media after the first couple of political straggling. Those have died along with Congress's common sense, and we made it through. Stay optimistic and updated on the real events, because what influences Wall Street more than childish political fighting is consumer perception to events.