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The Boston Globe

Business

Stock investors remain bullish despite shutdown

Optimism is tempered by fear about next crisis on the horizon

Stock investors stayed optimistic Tuesday in the face of the federal government shutdown, surmising that it would not outlast the week. But they could barely conceal their contempt for Washington lawmakers unable to compromise and perhaps willing to risk further mayhem in the coming weeks.

“It’s potentially bigger than most people think,” said Allen Sinai, chief global economist and strategist at Decision Economics Inc. in New York. “It's not just furloughed workers getting no pay. It’s the uncertainty of what’s going on and what is to come, and a poisonous atmosphere in Washington like I’ve never seen before.’’

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