How Congress Could Save the Stock Market from Steeper Losses — by Doing Nothing
Here’s some good news for beleaguered stock market bulls: Congress is in recess. Research conducted by Michael Ferguson, a finance professor at the University of Cincinnati, and Hugh Douglas Witte, a finance professor at the University of Missouri at Columbia, found that more than 90% of the capital gains produced by the Dow since its creation in 1896 have come when Congress is out of session. A particularly important reality check on their findings came subsequent to their research: Another study found the same pattern in the Australian stock market.
Published:8/7/2019 4:31:49 AM