Sunny Days in Heaven
Spiritual/Political/Philosophical Blog on the Nature of Truth and Falsehood and Heaven

Sunday, February 29, 2004  

Corruption, thy name is Senator

A daisy chain of links ending with Mark Byron brought this to my attention:

The Ziobrowski study notes that the politicians' timing of transactions is uncanny. Most stocks bought by senators had shown little movement before the purchase. But after the stock was bought, it outperformed the market by 28.6 per cent on average in the following calender year.

Returns on sell transactions are equally intriguing. Stocks sold by senators performed in line with the market the year following the sale.

What are the odds it was all luck?

posted by Mark Butterworth | 11:51 PM |