Bloomberg: government shut down is a good buying opportunity Published: 1900-1-1 January 1,1900 Views: 13
Sina Finance, noon GMT on October 1, according to Bloomberg news agency reported that the U.S. Congress confrontation, resulting in the first time in 17 years, the federal government shut down, if learning from history, this is a good opportunity to buy stocks.
Bloomberg data show that since 1976, 12 times the previous example, the government shut down after 12 months, the S & P 500 index rose an average of 11% of the price index of 12 months compared with an average return of 9%.
Over the past eight trading days, the S & P 500 index fell seven days because of fears that the U.S. budget and debt ceiling political stalemate could drag on the economy, Raymond James & Associates and PNC Wealth Management investors said that with the increase in corporate profits, the stock market will rebound analysts forecast fourth-quarter corporate earnings will be the largest increase in two years. Bloomberg data show that the S & P 500 Index constituent stocks of over 300 financial report will be published this month(http://www.best-news.us/).
Raymond James Chief Investment Strategist Jeff Saut telephone interview, said: 'I am a man dips government shut down, and once the debt ceiling is no longer a topic of focus, the market will begin to refocus on improving economic data and earnings reports.'
