Fiscal Crisis Leaves Stocks in a Sweet Spot - MoneyBeat - WSJ

I agree, one reason we are fully invested.

By E.S. BROWNING

CONNECT

Associated Press

The Washington mess of the past few weeks was ugly and disruptive for financial markets. It could do more damage in December as investors contemplate resumed acrimony when 2014 arrives.

Yet it all has a silver lining. ‪

The federal government’s shutdown and threat of default on U.S. debt spawned anxiety among businesses and consumers, hurt the U.S.’s image around the world and took about half a percentage point off fourth-quarter economic growth, economists estimate.

But the economy kept growing. Inflation stayed low. And the turmoil is widely expected to keep the Federal Reserve more supportive of the economy and markets than money managers had anticipated until recently.

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