Go Eli!
A perfect season might not be perfect for investors, if you believe one of the stock market’s quirkiest — but most accurate — indicators.
Yes, it is time for the Super Bowl Predictor of stocks, and it has called the right direction of the Dow Jones Industrial Average for the year following 33 of the 41 bowls, or an astonishing 81% success rate.
In short, whenever an “original” National Football League team wins the big game, the market rises; but it falls when the winner is a team like the New England Patriots that joined the NFL because of the league’s merger with the American Football League in 1970.
Suck it Pats. No (supposedly) perfect season for you, unless you want the country to go into a further slide into recession. Is that what you want on your quest for glory, Bill Belichick? Recession? “The worst market crisis in 60 years”? I’m hoping for a subprime game for Tom Brady.
Go Giants!
