The Coiled-Spring Effect

Now that the moment of another round of Washington ineptitude has passed, the stock market has staged a ?post-government shutdown? rally.  According to market strategist Thomas Lee of JPMorgan, history has shown equity markets have rallied into the year-end after previous instances of prolonged government shutdowns.  Given the public support damage suffered by Congress in the latest go-round, it appears unlikely that the upcoming budget negotiations in early 2014 will be quite so intense.  As...