Ready, drum roll please, the results are in. According to the impartial Congressional Budget Office, the shutdown has cost the economy $11 billion dollars.
The hard part about investing is we feel the opportunity is best when risk is actually at its highest and opportunity is at its worst.
The economies of the world, and thus the stock markets of the world, have been living on a sugar high.
We are not seeing this trend reversing to the upside. In fact, we see this declining profits scenario escalating to the downside. Thus, we have been out of the stock market and invested in U.S. Treasury bonds, quality corporate bonds, or in the annuities, we manage the safest investment positions possible.