Eric Singer, Manager of the Congressional Effect Management, first published an article on the general effect of Congress on daily stock prices in an article published in Barron’s in 1992, posted here. Since then, the idea has attracted support and evidence from both the financial and academic community.
Mr. Singer has been a finance professional for over 25 years. Most recently his practice focused on raising funds for, and investing in, small cap public companies. During the 1990’s, he was head of Corporate Finance at Gerard Klauer Mattison & Co., a research oriented brokerage firm. In the 1980’s, he launched a corporate finance new products group at Smith Barney, and headed a similar group at PaineWebber. He also practiced law for several years and developed real estate.
He was graduated from SUNY at Stony Brook, where he was Phi Beta Kappa, and Cornell Law School, where he was a member of Law Review.
|THIS ISN'T YOUR FATHER'S GRIDLOCKCongress is back in session today and CEFFX is back in cash. Why do we need to take risks associated with the drama surrounding this severely wounded lame duck Congress? Moreover, while gridlock is generally a good thing for the stock market, this is not your father’s gridlock.
SHOULD IT BE TAPS FOR THE DEATH TAX? The United States is one of the only countries to assess a "Death Tax" on anyone in the world who dies owning U.S. securities. The "Death Tax" will jump from 0% in 2010, to 55% if Congress does not act to stop the increase. Read more... FINANCIAL 'REFORM' WILL CAUSE DEFLATIONCongress will break this weekend not quite done on "financial reform." A defeat of this bill would help avoid a double dip recession. The bill is dishonest because it does not deal with Fannie or Freddie, the main engines of our collapse. Read more... THE PUBLIC OPTION ROACH MOTELThe Healthcare Reform Bill proposed by Senator Baucus is an incomparably cynical piece of legislation creating a time bomb that will eventually destroy all private health insurance. Read more... FILIBUSTERS DEFEND REPUBLICS AND WEALTHWith the swearing in of "comedian" Al Franken as the junior senator from Minnesota on July 7, 2009, one political party controlled 60 seats in the Senate, a big majority in the House of Representatives in addition to the presidency. Read more... WHEN YOU'RE WORTH MORE DEAD THAN ALIVEThe resounding "success" that Democrats are citing with the Cash for Clunkers program just goes to show that if you're giving away a billion dollars in the name of mumbo-jumbo environmentalism, you can do it in a week Read more... CASH FOR CLUNKERS PT.2A few weeks ago, I reviewed the recent "Cash for Clunkers" law passed by Congress. I made the seemingly ridiculous assertion that over the life of the program Congress might bring 15,000,000 cars into the program
THE CHAMPIONS TAXThe New York Post ran a sensationalized headline Wednesday morning, the first in many years, implying that rich New Yorkers would balk at a new federal healthcare surcharge Read more... THE RED ARMY AND THE BLUE DOGSFor my father-in-law, World War II started when the Russians swept through his family's timber stands in Estonia as aggressors seizing land under the Molotov-Ribbentrop Pact of 1939 Read more... TIME TO UNDO THE RESCUE?President Obama recently delivered a speech where he identified the housing problem as one of foreclosures, citing a study that foreclosure signs depress prices by 9%. Read more...
Should Congress stay on vacation?