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


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