Wall Street roots for the Giants

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    Wall Street roots for the Giants

     For your edification...please know I am a Patriot Fan !!!

    Superstitious investors look to the Super Bowl's outcome for signs of the stock market's performance this year.

     
    If the New York Giants win the Super Bowl, stocks will go up this year.

    That's according to the Super Bowl indicator, which says stocks rise when the winning team is from the original National Football League. You may rightly scoff at this, but the indicator has about an 80% accuracy rate. The prediction has come true in 36 of the past 45 Super Bowls, starting with the first one in 1967.

    The Giants are from the original NFL, while the New England Patriots harken back to the original American Football League. If the Patriots win, the indicator says, the stock market will fall.

    The indicator was spot on last year, when an original NFL team, the Green Bay Packers, won. The Dow Jones Industrial Average responded with a 5.5% gain, The Wall Street Journal reports.
     
    But take this all with a huge grain of salt and remember what happened in 2008. The Giants won the Super Bowl, and the stock market, well, it fell 33%.

    The theory gets a little complicated in the details. Standard & Poor's says it applies only to total return, including dividend payments, and not stock price appreciation, according to the International Business Times.

    And S&P says the economy alone could kill any good vibes coming from a Giants win this year, especially with an unemployment rate that remains high -- although it fell last month to 8.3%. "Things are not looking bright for the U.S. economy so far this year -- and, perhaps, it will be another year in which the Super Bowl Predictor Theory fails," the ratings agency said, according to the IBT.

    BUT news today re: Unemployment…

    Stocks surged at the open today after the government reported the national unemployment rate dropped to 8.3% as employment grew by more than 2 million since last summer.
     
  2. You have chosen to ignore posts from pauldeba. Show pauldeba's posts

    Re: Wall Street roots for the Giants

    The huge market crashes in 1987 and 2008 came after the New York Giants won the Super bowl. 1991 was the start of a recession and poor market when the Giants won the Super Bowl. The patriots , on the other hand , caused yearlong rallies in 2004 and 2005, 2002 was quite ok I believe.
     
  3. You have chosen to ignore posts from kevin13130. Show kevin13130's posts

    Re: Wall Street roots for the Giants

    In Response to Re: Wall Street roots for the Giants:
    [QUOTE]The huge market crashes in 1987 and 2008 came after the New York Giants won the Super bowl. 1991 was the start of a recession and poor market when the Giants won the Super Bowl. The patriots , on the other hand , caused yearlong rallies in 2004 and 2005, 2002 was quite ok I believe.
    Posted by pauldeba[/QUOTE]

    So there you have it. We're not just rooting for the New England Patriots. We're rooting for the economy.
     
  4. You have chosen to ignore posts from profootball. Show profootball's posts

    Re: Wall Street roots for the Giants

    Wall street roots for the Giants vs. Las Vegas roots for the Patriots :-)Cool
     
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