What happened to the super bowl stock market predictions
Well, that's what Wall Street's so-called Super Bowl Predictor would suggest. No matter which team wins Sunday's game — the New York Giants or the Baltimore Ravens — people who believe in this unscientific yet surprisingly successful gauge say the market can't lose.
First a playbook refresher: The Super Bowl Predictor says that when a team from the original National Football League as it existed before its merger with the American Football League wins the Super Bowl, stocks will rise. Most teams from the old NFL, including the Giants, now are in the new NFL's National Football Conference. Conversely, in years that a team from the American Football Conference many of whose members are AFL teams wins, the market supposedly is headed down.
The Super Bowl Predictor has scored correctly more than 80 percent of the time, fumbling just six of 34 matches. I wish I could say I have been," said Robert Stovall, market strategist for Prudential Securities and the self-named guardian of the Super Bowl Predictor.
The Super Bowl Stock Market Indicator – Vintage Value Investing
The Super Bowl matchup this year bodes well for the market — both teams have ties to the old NFL. The Giants are an original NFL team.
The Ravens are a new team in the AFC, but they have an NFL heritage, because they used to be the Cleveland Browns. The Browns were one of three original NFL teams that switched to the AFC as part of the merger. Hogan appreciates the Super Bowl Predictor because he says it shows how unpredictable the markets are. He likened it to the notion that a monkey throwing darts could just as easily pick winning or losing stocks. But like the stock market, the predictor — for the last three years — could use a lift.
The market defied the predictor in andrallying although the AFC's Denver Broncos won. And restricted stock award vs stock option last year's win by the NFC St.
Louis Rams, the market got tackled. Stovall tabulates the predictor what happened to the super bowl stock market predictions year.
At Nearly 90, ‘Super Bowl’ Stock Analyst has a streak going - WSJ
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What Would You Do? Stocks Will Rise By ABC News. The stock market is virtually assured of scoring a touchdown this year. No Way to Lose? Bearish Indicator But like the stock market, the predictor — for the last three years — could use a lift. Stovall is used to cynicism about the predictor.
Effects of Super Bowl Winner on Stock Market | Finance - Zacks
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