(as of 7:05 PST)
It is a quiet day with stocks
drifting lower this morning on the continuing US Government shutdown. The Republican fringe element in the House of
Representatives is digging in to an untenable argument, trying to create political
power where none exists. Jobless claims
were up slightly, but still near a post-recession low. Gold is down after yesterday’s strong rally
while oil is near unchanged, but under downward pressure. The market is surprisingly stable despite the
downward drift of the last few days.
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