Sell Short When Congress is in Session (Townhall.com) September 25, 2009
Posted by daviddavenport in Radio Commentaries.trackback
Funny that folks think Washington is the solution to the economy.
Courtesy of Townhall.com
In fact, one highly successful investment fund bets against Congress and wins regularly.
The Congressional Effect Fund opened in May 2008 and is outperforming the S&P. Interestingly, from the time the Dow Jones Industrial Average was created in 1897, an astonishing 90 percent of its gains have occurred when Congress is out of session. This fund bets on that and has outperformed the S&P widely since its inception.
In the face of those who believe Washington holds the answers, recall the words of Judge Gideon J. Tucker in 1866: “No man’s life, liberty or property are safe while the Legislature is in session.” The Congressional Effect Fund says, with solid evidence, that’s still true today.
David Davenport 
Comments»
No comments yet — be the first.