September 30, 2013
There have been 17 government funding gaps and shutdowns since 1976, ranging in length from one to 21 days. None has caused a market meltdown. The average decline in the Standard & Poor’. Keep reading here: Government Shutdowns–What History Tells USs 500 index during one of these periods lasting 10 days or more is about 2.5 percent. For those lasting five days or fewer, the average decline is 1.4 percent.
Here’s another good article on the subject from Vanguard: Fiscal Debates__Vanguard_9-30-13