Sunday, February 07, 2010 10:43:15 AM
Article in the paper this morning, on the west coast.
THE OUTCOME OF THE SUPER BOWL PREDICTS THE STOCK MARKET'S PERFORMANCE FOR THE COMING YEAR.
Absurd as it may sound, this is the only Super Bowl myth with clear evidence to back it up. "The Super Bowl Indicator" says that if a team from the Old American Football League wins, stock markets go down; if one from the old National Football Leauges wins, the market will go up. Things get tricky when expansion teams or teams that have relocated make it to the big game, but many still have links to former AFL or NFL teams or cities.
Robert Stovall an investment strategist from Sarasota, Fla., who tracks the indicator says it has been accurate for 34 of the 43 Super Bowls played thus far, a rate "better than any gaggle of gurus I've ever heard of. Stovall doesn't recommend that investors act on it's winning record, but he says, "It does make me feel better when we have an all-clear from the "Super Bowl Indicator."
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