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congress trying to drop stock prices to get rich.

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posted on Sep, 30 2008 @ 02:05 AM
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congress trying to drop stock prices to get rich.


papers.ssrn.com

We find a strong link between Congressional activity and stock market returns that persists even after controlling for known daily return anomalies. Stock returns are lower and volatility is higher when Congress is in session. This “Congressional Effect” can be quite large - more than 90% of the capital gains over the life of the DJIA have come on days when Congress is out of session. The Effect varies systematically with the public's opinion of Congress: returns are lower and volatility higher when a relatively unpopular Congress is active. Public opinion appears to play a fundamental role in market prices. This is consistent with a mood-based explanation that sees Congress as ‘depressing’ the average investor.
(visit the link for the full news article)




posted on Sep, 30 2008 @ 02:05 AM
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Is congress trying to depress stock prices so that they can buy low and sell high when they fix the problem.

I wonder if congressman/women are buying or selling stock right now.

I will bet buying.

They should check the investments of congress and see who is buying. and selling

How can saving 700 billion dollars by blocking the bailout bill help when voters just lost 1 trillion in investments "today" from there saving and retirement investments

papers.ssrn.com
(visit the link for the full news article)



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