Correction

http://www.futureofcapitalism.com/2011/03/correction-1

Yesterday's item on Grover Norquist's interview with the Washington Post quoted Mr. Norquist, "You know, there's an investment fund that goes into the S&P 500 when Congress is in session and into cash when Congress is out of session. They've got a study showing the market rises more rapidly when Congress is out of session." In fact, a reader-watchdog-participant-community member points out that either Mr. Norquist or the Washington Post has it backward, and so did we in repeating it — the Congressional Effect Fund goes into cash when Congress is in session and into the S&P 500 when Congress is on recess.

by Editor  |  Mar 11, 2011 at 10:23 am receive the latest by email: subscribe to the free futureofcapitalism.com mailing list