Deke News Network FTW

[unixronin]

By way of the Deke News Network comes the observation that if you had invested $1 in the Dow Jones Industrial Average back in 1897 and held it only on the days when Congress was in session, your total returns through the year 2000 would be $2.  On the other hand, had you invested the same dollar and held it only when Congress was out of session, you would have made $216.  The same source also notes that during 2007, the S&p 500 was +7.0% for the days Congress was out of session, and -2.8% for the days Congress was in session.

This, I suppose, is why they call it Congress, rather than Progress.

Comments

[fruitylips.livejournal.com]

http://www.clubforgrowth.org/2008/01/congress_out_stock_market_up.php is where I saw it.