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I just found a Forbes article about a guy who started a small fund that invests in the SP 500 Index while congress is out of session and moves everything to T-B
by viggity 18y ago
I just found a Forbes article about a guy who started a small fund that invests in the SP 500 Index while congress is out of session and moves everything to T-Bills when they're in session. He joked about it for a while until he ran some numbers and found that historically the SP returns ~16% while congress is out of session, and sub 1% while in session.
The markets don't like uncertainty, and nothing is more uncertain that the idiocy that congress brings when in session.