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We are entering month TWO of the government shutdown. The markets enjoyed the first month gaining 10.5 percent…a shutdown record.
Using my fingers and toes I have extrapolated a gain of 125 percent for the markets this year if the government remains shutdown.
Just in case my simple formula does not work, Ivanhoff and I decided to make this episode of ‘Momentum Monday’ (click to watch).
I’m looking for the markets to regain their 200-day moving averages to put more money back into the market but won’t be shy about trying a few breakouts we covered in the episode with smaller position sizes.
Have a great Monday.
Originally published at Howard Lindzon.