A lot of people claim that congress is bad for the stock market. Eric Singer decided to test this theory. He discovered that over the last 44 years, when congress is in session the market returns a paltry 0.3%. When congress is not in session, the market returns a far better 16.3%. He then started a mutual fund that would invest based on this theory. (Index funds when congress is out of session, treasury bills when in session). Next time I hear someone complain about government interference in the market, I’ll tell them to put their money where their mouth is. (Of course with expenses running at 2.2%, I don’t think this a good investment, regardless of political beliefs).

This entry was posted on Thursday, April 30th, 2009 at 9:25 pm by Ari and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.