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The state is bad for business

August 9, 2005
While Congress is away, the bulls will play. At least that's what the authors of a new study, "Congress and the Stock Market," conclude: Stock market returns are lower and more volatile when Congress is in session than when it's in recess.In fact, about 90 percent of capital gains recorded on the Dow Jones Industrial Average (DJIA) index between 1897 and 2001 occurred on days when Congress was not is session, according to the study.

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