LEADER 05538nam 2200745Ia 450 001 9910141390003321 005 20170814174521.0 010 $a1-119-20368-6 010 $a1-118-41709-7 010 $a1-283-64601-3 010 $a1-118-42046-2 035 $a(CKB)2670000000246632 035 $a(EBL)894312 035 $a(OCoLC)796230366 035 $a(SSID)ssj0000742039 035 $a(PQKBManifestationID)12378061 035 $a(PQKBTitleCode)TC0000742039 035 $a(PQKBWorkID)10737919 035 $a(PQKB)10635035 035 $a(PQKBManifestationID)16034618 035 $a(PQKB)22285330 035 $a(MiAaPQ)EBC894312 035 $a(DLC) 2012025729 035 $a(CaSebORM)9781118417096 035 $a(EXLCZ)992670000000246632 100 $a20120614d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTrade the Congressional effect$b[electronic resource] $ehow to profit from Congress, impact on the stock market /$fEric Singer 205 $a1st edition 210 $aHoboken, N.J. $cWiley$dc2012 215 $a1 online resource (226 p.) 225 0 $aWiley trading series 300 $aDescription based upon print version of record. 311 $a1-118-36243-8 320 $aIncludes bibliographical references and index. 327 $aTrade the Congressional Effect; Contents; Acknowledgments; Introduction; Our Damaged Economy; Congress's Role in Wealth Destruction; Summary; Notes; Chapter 1 What Is the Congressional Effect?; How Was the Congressional Effect Discovered?; Early Returns Showing the Congressional Effect; The Smoot-Hawley Act: The Mother of All Congressional Effects; The Congressional Effect Data and Launching a Mutual Fund; Summary; Notes; Chapter 2 The Congressional Effect and the Limits of Modern Portfolio Theory; How MPT Has Been Used by Financial Advisers 327 $aFormulas Distort Valuation if Inputs Are Not Free Market InputsWhat Caused the Crash of 1987?; The Magnitude of the Crash of 1987 Refutes MPT; MPT Assumes All Daily Pricing Is Random, but the Congressional Effect Shows It Is Not; Summary; Notes; Chapter 3 Congressmen as Issues Entrepreneurs; The Time-Money-Vote Continuum: Congress as a Business; Congressmen as Traders and Real Estate Entrepreneurs: Making Money Outside Their Day Gig; Summary; Notes; Chapter 4 Behavioral Finance, the Stock Market, and Congressional Dysfunction; Overview of Behavioral Finance Concepts 327 $aSurvey of Behavioral Finance ConceptsSatisficing; Hyperbolic Discounting; Endowment Effect; Anchoring; Separate Mental Accounts; Herd Behavior and Groupthink; Sunk Costs; Confirmation Biases; Overconfidence; Cognitive Reflection; Choice Bracketing; Congress's Approach to Behavioral Finance; Causes of Dysfunction; Anchoring; Status Quo Bias; Current Lack of Cognitive Reflection; Confirmation Bias; Our Innumerate Congress; Groupthink; Investment Fees and Conflicts; Summary; Notes; Chapter 5 If Congress Is Malfunction Junction, What's Its Function? 327 $aEconomic Lifeblood: Investment Capital Formation, the Stock Market, and CongressDodd-Frank Overview; Health Care Reform; Burning Coal and Other Energy Investors; Summary; Notes; Chapter 6 Where Will Washington Strike Next?; Where You Can Find Information; Traditional Print and Mainstream Televison Sources; Radio; Online; Think Tanks and Blogs; D.C.-Specific Media; How Congress Passes a Law; How to Leverage This Glut of Information; Summary; Notes; Chapter 7 Sidestepping Congress's Wealth Destruction with a Macro Approach; 11,832 Data Points Support the Congressional Effect Theory 327 $aCongress and the Tragedy of the CommonsAdam Smith, Call Your Office!; Summary; Notes; Chapter 8 Are Democrats or Republicans Better for Your Portfolio?; Who Gets the Credit for the Bull Market in 1980?; Unified Government Favors Nominal Returns; Split Government Favors Real Returns; Republican Congress vs. Democratic Congress; Filibuster-Proof Majorities Hurt Returns; Summary; Notes; Chapter 9 Leverging the Election Cycle; The Presidential Cycle and Real Returns; The 2012 Election and Beyond; Notes 327 $aChapter 10 Are Lame Ducks, Impeachments, Resignations, Vetoes, and Litigated Elections Good for the Market? 330 $aAn innovative investment approach that takes the actions of the U.S. Congress into consideration Historical research indicates that, more often than not, when Congress is in session there is a negative effect on equities markets (the ""Congressional Effect"") due possibly to investor uncertainty surrounding government action or inaction as well as the unintended consequences of Congressional legislative initiatives on the stock market. Author Eric Singer, a financial professional with over twenty-five years of experience, is an expert on this phenomenon, and with this new book he shar 410 0$aWiley Trading 606 $aStocks$xPrices$zUnited States 606 $aInvestments$zUnited States 606 $aPortfolio management$zUnited States 608 $aElectronic books. 615 0$aStocks$xPrices 615 0$aInvestments 615 0$aPortfolio management 676 $a332.60973 676 $a332.63/220973 676 $a332.63220973 700 $aSinger$b Eric$0897400 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910141390003321 996 $aTrade the Congressional effect$92004940 997 $aUNINA