Trade the Congressional Effect How To Profit from Congress's Impact on the Stock Market
, by Singer, Eric T.
- ISBN: 9781118362433 | 1118362438
- Cover: Hardcover
- Copyright: 10/9/2012
A scholarly article published in 2006 demonstrated that a dollar invested in the Dow Jones Industrial Average on days when Congress was in session in 1897 and held until the end of 2004 - a 108-year period - would have compounded into only two dollars. The same dollar invested on days when Congress was out of session days would have compounded into $216.10 - a return more than 100 times greater. The fact is that while Congress gets fat on insider trades, the equity markets and its participants suffer. Almost twenty years ago, author Eric Singer discovered the Congressional Effect-the severely negative impact Congress has over time on the stock market, and the inverse effect that their recesses have. In this book, Singer details what this effect is, why it occurs, and how you can trade around it.
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