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Trade the Congressional effect how to profit from Congress's impact on the stock market /
An 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 uncerta...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J. :
Wiley,
2012.
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| Colección: | Wiley trading series
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| Temas: | |
| Acceso en línea: | Texto completo (Requiere registro previo con correo institucional) |
Tabla de Contenidos:
- Trade 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.
- Formulas 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.
- Survey 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?
- Economic 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 Television 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.
- Congress 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.