Bullish Super Bowl theory hits snag as S&P 500 extends drop
Via Howard Silverblatt of at S&P Dow Jones Indices comes the Super Bowl Predictor Theory: if the Super Bowl is won by an NFC team or a team with original pre-conference NFL roots (like the Baltimore Ravens, or the Pittsburgh Steelers), the market is likely to go up. While it's an arbitrary barometer, the indicator has been correct 37 of the last 47 years, or 78.7% of the time, on a total return basis for the S&P 500. That's a track record that would be appealing to advisers and clients alike.
Super Bowl predictor may be irrational but has better track record than many stock pickers.
The Denver Broncos aren't the only thing taking a beating.
While pet theories abound on what the Super Bowl means for markets, one can cite data showing the benchmark gauge for American equities has climbed 0.67% on average in the week after the game, compared with 0.1% in the five days preceding i
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