NEW YORK ( TheStreet) -- Uncertainty in Washington and end-of-the-quarter adjustments appear to be what is sending the markets lower.Peter Cardillo, chief market economist for Rockwell Global Capital, told TheStreet's Debra Borchardt a government shutdown is highly unlikely, perhaps a 5% chance. However, there is a lot of drama and unnecessary publicity associated with the budget issue, which may be having an effect.
[video] Quick Take: Traders Closing Out the Quarter
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts