More Videos
- These Poker Stories Are No Bluff
- Did Matsui Make Contract Money Last Night?
- Adidas Out At UCF After MJ's Son Wears Jordans
- If Yanks Win, Merchandise Will Fly Off Shelves
- Final World Series Games Big Money Makers
- What I Got Wrong About Keflezighi
- Marathon's Headline Win Is Empty
- New Cubs Owner Tom Ricketts Goes One-on-One With "SportsBiz"
- Roger Federer Signs With Chocolate Brand Deal
- Marshall Fogel: A Collector's Profile
RSS FEED
MOST SHARED
- Solar Market Heating Back Up?
- Sweeping Health Care Overhaul Bill Passes House
- US Becomes Top Country Brand Under Obama: Survey
- Realty Execs See Pain Ahead
- BoA Board in Civil War Over Lewis' Succesor
- Easy Money & Stocks
- Administration Rejects Plan to Buy Fannie Mae Credits
- Want the Homebuyer's Tax Credit? Here Are Some Tips
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
- Consumers Haven't Changed, They Are Just Pickier
- Sweeping Health Care Overhaul Bill Passes House
- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Volatility Returns: Sign of the Bull Losing Muscle?
- Cramer: Earnings, IPOs Dominate Next Week
- Buying Fear: How to Own Volatility
Sports Biz
Text Size 
 |
AP |
When a team from the former AFL wins, the market will go down. For the past two years, we've had both teams hailing from the original NFL, but in the Giants (NFL) and the Patriots (AFL), the Indicator--which has been right more than 80 percent of the time--has a chance again. So it comes as no surprise that Wall Street is rooting for the Giants, not only because they hail from New York, but because the Indicator says it will be a good year on the Street.
Inspired by a post sent to me by reader Jordi Scrubbings I decided to break down the years these two teams have won and what happened to the Dow that year. With many predicting a recession, it looks like the Indicator will be right again if the oddsmakers are right in calling for a Patriots win.
If we believe solely in the Super Bowl Indicator, which we of course do not, there's a 16-point swing in the Dow on the line. Through to this morning's open, the Dow is already down 8.7 percent in 2008.
New York Giants:
1987 -- Open: 1,897.36, Close: 1938.83 -- Yearly Pct. Change: +2.1 percent
1991 -- Open: 2,633.66, Close: 3,168.83 -- Yearly Pct. Change: +20.3 percent
Avg. Pct. Change in Dow when Giants win Super Bowl: +11.2 percent
New England Patriots:
2002 -- Open: 10,021.71, Close: 8,341.63 -- Year Pct. Change: -16.8 percent
2004 -- Open: 10,452.74, Close: 10,783.01 -- Year Pct. Change: +3.16 percent
2005 -- Open: 10,783.75, Close: 10,717.50 -- Year Pct. Change: -.6 percentAvg. Pct. Change in Dow when Patriots win Super Bowl: -4.81 percent
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes