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

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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