Markets May Hit the Ceiling
Market Commentary Highlights...
The markets could face a government shutdown at the end of this week if Congress does not agree to a continuing resolution to extend funding for this fiscal year on or by March 4.
During the last government shutdown the Federal Reserve cut interest rates helping to
halt the stock market's slide.
The range of potential outcomes could include default on U.S. government debt at the extreme; however, the most likely outcome is that the impasse is resolved with modest cuts and is probably neutral for the markets. But that may not come until a market volatility inducing showdown in Congress over funding takes place starting this week.Read the entire Market Commentary
. (pdf format)
Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of March 1, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
###This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com
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