The Positive Benefits Of No Government in Session

The Wall Street Journal reports on the snow storm:

The storm spelled opportunity for the Congressional Effect Fund, a mutual fund that invests in the S&P 500 only when Congress is out of session, and in Treasurys and the money market anytime else. "When we found out at 4:30 p.m. yesterday that they were going to declare a snow day, we went into the market," said Eric Singer, who manages the portfolio.

The rationale for the fund: "Over the past 40 years, 99% of the price gains in the market cumulatively occur when Congress is on vacation," Mr. Singer said.

When government isn't meeting , they aren't stealing .