{"product_id":"trade-the-congressional-effect-how-to-profit-from-congresss-impact-on-the-stock-market-hardback-9781118362433","title":"Trade the Congressional Effect; How To Profit from Congress's Impact on the Stock Market (Hardback) 9781118362433","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eTrade the Congressional Effect\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eHow To Profit from Congress's Impact on the Stock Market\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eEric T. Singer (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118362433, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 23 October 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e23.6 x 16 x 2.1 cm, 0.404 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eAn innovative investment approach that takes the actions of the U.S. Congress into consideration\u003c\/b\u003e  \u003cp\u003eHistorical research indicates that, more often than not, when Congress is in session there is a negative effect on equities markets (the \"Congressional Effect\") due possibly to investor uncertainty surrounding government action or inaction as well as the unintended consequences of Congressional legislative initiatives on the stock market. Author Eric Singer, a financial professional with over twenty-five years of experience, is an expert on this phenomenon, and with this new book he shares his extensive insights with you.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eTrade the Congressional Effect\u003c\/i\u003e skillfully details how you can profit from Congress's impact on the stock market. Along the way, it puts this approach in perspective and gives you all the tools you'll need to profitably incorporate it into your investing endeavors. Singer walks you through the process of trading the Congressional Effect and provides practical guidance regarding the possible pitfalls and opportunities you'll face each step of the way.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAddresses why it is better to invest while Congress \u003ci\u003eisn't\u003c\/i\u003e in session\u003c\/li\u003e \u003cli\u003eReveals exactly what the Congressional Effect encompasses and why it occurs\u003c\/li\u003e \u003cli\u003eWritten by Eric Singer, one of the first people to publicly document the general effect of Congress on daily stock prices\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSupported by over forty-five years of real world data, the Congressional Effect has proven profitable to those who know how to use it. This timely guide will show you exactly what it takes to make this phenomenon work for you.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eOur Damaged Economy 2\u003c\/p\u003e \u003cp\u003eCongress’s Role in Wealth Destruction 8\u003c\/p\u003e \u003cp\u003eSummary 9\u003c\/p\u003e \u003cp\u003eNotes 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 What Is the Congressional Effect? 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Was the Congressional Effect Discovered? 14\u003c\/p\u003e \u003cp\u003eEarly Returns Showing the Congressional Effect 19\u003c\/p\u003e \u003cp\u003eThe Smoot-Hawley Act: The Mother of All Congressional Effects 23\u003c\/p\u003e \u003cp\u003eThe Congressional Effect Data and Launching a Mutual Fund 24\u003c\/p\u003e \u003cp\u003eSummary 26\u003c\/p\u003e \u003cp\u003eNotes 26\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 The Congressional Effect and the Limits of Modern Portfolio Theory 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow MPT Has Been Used by Financial Advisers 30\u003c\/p\u003e \u003cp\u003eFormulas Distort Valuation if Inputs Are Not Free Market Inputs 33\u003c\/p\u003e \u003cp\u003eWhat Caused the Crash of 1987? 36\u003c\/p\u003e \u003cp\u003eThe Magnitude of the Crash of 1987 Refutes MPT 38\u003c\/p\u003e \u003cp\u003eMPT Assumes All Daily Pricing Is Random, but the Congressional Effect Shows It Is Not 39\u003c\/p\u003e \u003cp\u003eSummary 41\u003c\/p\u003e \u003cp\u003eNotes 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Congressmen as Issues Entrepreneurs 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Time-Money-Vote Continuum: Congress as a Business 44\u003c\/p\u003e \u003cp\u003eCongressmen as Traders and Real Estate Entrepreneurs: Making Money Outside Their Day Gig 54\u003c\/p\u003e \u003cp\u003eSummary 57\u003c\/p\u003e \u003cp\u003eNotes 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Behavioral Finance, the Stock Market, and Congressional Dysfunction 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of Behavioral Finance Concepts 60\u003c\/p\u003e \u003cp\u003eSurvey of Behavioral Finance Concepts 61\u003c\/p\u003e \u003cp\u003eCongress’s Approach to Behavioral Finance 67\u003c\/p\u003e \u003cp\u003eSummary 78\u003c\/p\u003e \u003cp\u003eNotes 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 If Congress Is Malfunction Junction, What’s Its Function? 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Lifeblood: Investment Capital Formation, the Stock Market, and Congress 81\u003c\/p\u003e \u003cp\u003eDodd-Frank Overview 90\u003c\/p\u003e \u003cp\u003eHealth Care Reform 95\u003c\/p\u003e \u003cp\u003eBurning Coal and Other Energy Investors 103\u003c\/p\u003e \u003cp\u003eSummary 110\u003c\/p\u003e \u003cp\u003eNotes 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Where Will Washington Strike Next? 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere You Can Find Information 114\u003c\/p\u003e \u003cp\u003eHow to Leverage This Glut of Information 123\u003c\/p\u003e \u003cp\u003eSummary 124\u003c\/p\u003e \u003cp\u003eNotes 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Sidestepping Congress’s Wealth Destruction with a Macro Approach 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11,832 Data Points Support the Congressional Effect Theory 128\u003c\/p\u003e \u003cp\u003eCongress and the Tragedy of the Commons 130\u003c\/p\u003e \u003cp\u003eAdam Smith, Call Your Office! 131\u003c\/p\u003e \u003cp\u003eSummary 136\u003c\/p\u003e \u003cp\u003eNotes 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Are Democrats or Republicans Better for Your Portfolio? 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWho Gets the Credit for the Bull Market in 1980? 140\u003c\/p\u003e \u003cp\u003eUnified Government Favors Nominal Returns 142\u003c\/p\u003e \u003cp\u003eSplit Government Favors Real Returns 145\u003c\/p\u003e \u003cp\u003eRepublican Congress vs. Democratic Congress 146\u003c\/p\u003e \u003cp\u003eFilibuster-Proof Majorities Hurt Returns 147\u003c\/p\u003e \u003cp\u003eSummary 148\u003c\/p\u003e \u003cp\u003eNotes 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Leverging the Election Cycle 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Presidential Cycle and Real Returns 152\u003c\/p\u003e \u003cp\u003eThe 2012 Election and Beyond 156\u003c\/p\u003e \u003cp\u003eNotes 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Are Lame Ducks, Impeachments, Resignations, Vetoes, and Litigated Elections\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGood for the Market? 159\u003c\/p\u003e \u003cp\u003ePresident Bill Clinton 161\u003c\/p\u003e \u003cp\u003ePresident Andrew Johnson 165\u003c\/p\u003e \u003cp\u003eResignations 167\u003c\/p\u003e \u003cp\u003eLame Duck Sessions 167\u003c\/p\u003e \u003cp\u003eLitigated Elections 168\u003c\/p\u003e \u003cp\u003eVetoes 170\u003c\/p\u003e \u003cp\u003eSummary 171\u003c\/p\u003e \u003cp\u003eNotes 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 More Ways to Dodge Congress’s Stray Bullets 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValue Funds: Longer Time Horizons than Congress or the Somali Pirates 174\u003c\/p\u003e \u003cp\u003eGold Funds: Avoiding Congressional Debasement 177\u003c\/p\u003e \u003cp\u003eBeyond Congress: International Funds 179\u003c\/p\u003e \u003cp\u003eReducing Global Security Risk 181\u003c\/p\u003e \u003cp\u003eSummary 182\u003c\/p\u003e \u003cp\u003eNotes 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 ‘‘That Government Is Best that Governs Least’’ 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrognosis: Increasingly Partisan Politics Is Not Good for the Market 185\u003c\/p\u003e \u003cp\u003eConflicting Government Mandates Promote Market Instability 189\u003c\/p\u003e \u003cp\u003eThe Cumulative Effect of Unintended Consequences Is Congressional Wealth Destruction 191\u003c\/p\u003e \u003cp\u003eCongress’s Dysfunctionality and the 2012 Election 193\u003c\/p\u003e \u003cp\u003eWhat Happens When Congress Does Not Know the Price? 195\u003c\/p\u003e \u003cp\u003eCongress Needs to Attract the Best Talent 197\u003c\/p\u003e \u003cp\u003eIn Conclusion 198\u003c\/p\u003e \u003cp\u003eNotes 199\u003c\/p\u003e \u003cp\u003eAbout the Author 201\u003c\/p\u003e \u003cp\u003eIndex 203\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52417770619160,"sku":"9781118362433","price":32.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118362433.jpg?v=1784507814","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/trade-the-congressional-effect-how-to-profit-from-congresss-impact-on-the-stock-market-hardback-9781118362433","provider":"Freshly Printed Books","version":"1.0","type":"link"}