Tuesday, February 17, 2009

Congressional Sessions - Out of Order

Congress is out of session -- Hurra! Below is an interesting market observation by The Congressional Effect Fund. Pretty hilarious fund premise, to say the least! For your cynical side's future reference, the 2009 calendar can be found here.

"A History of Financial Damage by Congress

Going back to 1963, we find that the S&P 500 Index has gone up only 1.6% a year during the time when Congress is in session... and a whopping 17.6% annually when Congress is in recess...."

Thank you Dom B. for pointing this out!

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