President Barack Obama's best friend could be Wall Street's worst nightmare.
A little market crisis -- not enough to crash the economy into recession
but enough to stir public fear that would push Republicans to the
negotiating table -- could be just what settles the impasse in
Washington and reopens the government, according to investing pros and
In an exclusive interview with CNBC, the
president warned Wall Street that this shutdown could be different.
Previous halts in nonessential government activities have caused little
market reaction, with major averages actually rising most of the time in
the month after the shutdowns are settled.
remarks indicated to some observers that he is trying to push investors
out of the relative complacency they have shown so far. Futures were
broadly lower Thursday, indicating markets may be taking heed.
"They feel that a severe market selloff would be helpful to break the
logjam," said Greg Valliere, chief political strategist at Potomac
Research Group in Washington. "It would be helpful in making the
Republicans sue for peace. Obama and [Senate minority leader] Harry Reid
Twitter was abuzz about the interview, with some sharing Valliere's opinion.