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Stocks: Giants win-and so could investors
The unscientific "Super Bowl Predictor" says that the market rises in years when an "original" NFL team wins the big game and drops in years when a team from the old AFL is victorious.
This year's Super Bowl result, a victory for the New York Giants over the heavily favored New England Patriots, could spell a winning year for the stock market. The unscientific "Super Bowl Predictor" says that the market rises in years when an "original" NFL team wins the big game and drops in years when a team from the old American Football League is victorious. The Predictor's not perfect, of course: Markets usually finish more years with positive returns than negative ones, and football purists would argue that the Pittsburgh Steelers' five Super Bowl championships shouldn't count for the "original" NFL side, since the Steelers play in the American Conference, which is home to most former AFL teams. For what it's worth, though, the Predictor has had an 81 percent success rate (34 of 42), including last season, which bodes very well for 2008.
