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Securities Central Nervous System
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The United States Federal Government is set to shutdown at midnight Sunday. This, unless there is an 11th-hour continuing resolution agreed to by Congress, which looks doubtful at best. I outlined some of the implications of a shutdown last week. The Market has been taking it pretty much in stride all along. In fact, the Market has absorbed multiple pressures all year and rallied in the face of it. September brought a continuation of the Stock Market sell-off. This is typical corrective price action, which historically leads to a rally into year-end.
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