Researchers have discovered that Jews control the stock markets – for two days of every year.
A new study by academics at Nova Southeastern University in Florida shows that Rosh Hashanah has an impact on the stock market.
"Observant Jewish traders represent a small proportion of all market participants," said Pan Yatrakis, a professor of finance and economics at the university. "But, at the margin, their withdrawal during the High Holy Days thins out the market, increases volatility and risk, and may discourage others from trading as well, thus creating a snowball effect."
Mr Yatrakis co-authored the study with Albert Williams, an assistant professor of finance and economics.
