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It’s Official: The Giants Won the Super Bowl so the Dow Will Be UP in 2008!
By JLP | February 5, 2008
From TouchDOWn! Giant Win for Stocks ($) in today’s Wall Street Journal:
The Super Bowl Predictor of the stock market — unscientific though it may be — has called the right direction of the Dow Jones Industrial Average for the year following 33 of the 41 bowls, for an All-Pro-level 80% success rate.
With the New York Giants’ surprise win Sunday night, the indicator is pointing “up” for stocks. How it works: Whenever an “original” National Football League team like the Giants wins the big game, the market rises; it falls when the winner is a team like the Patriots, which joined the NFL because of the league’s merger with the American Football League in 1970. (Two key American Conference teams, the Colts and the Steelers, are “original” teams, so are bullish; expansion teams count for the conference they’re in.)
They also published a neat little table showing the results of the last several years:
As some of the commenters said on my post last week about the root causes of being poor:
In other words, I wouldn’t risk my money on such a strategy. I hope you wouldn’t either.
Topics: Investing | 5 Comments »
February 5th, 2008 at 2:40 pm
How is Tampa Bay an “original” team? They were an expansion team in the 70s.
February 5th, 2008 at 3:37 pm
This is pretty interesting. Your chart should include years prior to 2002.
February 5th, 2008 at 3:49 pm
Patrick said:
“This is pretty interesting. Your chart should include years prior to 2002.”
Too much work for something that has no meaning.
February 5th, 2008 at 3:52 pm
Juanny said:
“How is Tampa Bay an “original” team? They were an expansion team in the 70s.”
Tampa Bay isn’t an original team. The chart just shows who won the Super Bowl and the performance of the market for the year. There’s not a 100% correlation.
February 6th, 2008 at 6:37 am
But unless I’m reading the chart wrong, it’s showing that TB is an original team, because the “call” column is showing that it should be an “UP” year, not down, which is the correlation for an “original” team.
I realize this is a silly comparison (if A happens before B doesn’t mean that A caused B), I’m just confused why they list TB as an original.