Monday, February 8, 2010

Super Bowl Winners

Remember the Super Bowl Stock Market indicator? Supposedly, if the winner of the Super Bowl is from the NFC or was originally a member of the NFL before the merger in 1970, the stock market will go up that year. If the Super Bowl champ originated in the old AFL, we're due for a bear market. The indicator has held true for more than three-quarters of the 43 Super Bowls played before yesterday.

In case you didn't know, there are three teams that started in the NFL but now play in the AFC: the Colts, Steelers and Browns. This year's game, featuring the Saints from the NFC and the Colts from the AFC, showcased two teams that started off in the NFL, so we were in good shape no matter who won. This freed up investors to root for whichever team suited their fancy.

Given that either team would have been suitable for the market in the upcoming year, we're happy that the Saints have finally won the big one and brought some much-needed good news to the city of New Orleans. Let's hope their victory brings some good news to the rest of us as well over the course of the year.

No comments:

Post a Comment