Super Bowl Indicator
Categories: Financial Theory
Sadly, Nostradamus has been dead for 500 years. So...when your tea leaves have dried up and your crystal ball is in the shop, what do you use to determine whether the stock market is about to go up or down?
Well, according to Leonard Koppett, sportswriter and major superstition aficionado, you can tell to a reasonable degree of certainty which way the market will bounce based on the results of the Super Bowl.
Okay, so he might have been half-kidding, but when Koppett proposed his future-telling system in 1978, it, made a lot of sense to a lot of people. Mostly to people who rely on astrology charts for their investing decisions, but…still. It resonated.
Back when the term was coined, the market went up 90% of the time that the NFC team won the big game…and reliably went down whenever the AFC team emerged victorious. Assuming that Tom Landry, then coach of the Dallas Cowboys, wasn’t massively investing in plastics and pharmaceuticals each time his ‘Boys brought home the trophy, there was probably nothing to it. But it sure seemed convincing.
As time would tell, the theory was proven to be as flimsy as the Houston Oilers’ front seven. Between 2007 and 2017, the Super Bowl Indicator was only 50% accurate. In other words, you might as well trust Tom Brady to predict market turns.
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Finance: What is the Super Bowl Indicato...1 Views
Finance Allah shmoop what is the Super Bowl indicator And
sadly Nostradamus has been dead for five hundred years So
when your tea leaves have dried up and your crystal
ball is in the shop what do you use to
determine whether the stock market is about to go up
or down Well according to the famous Leonard Koppett sports
writer and major superstition aficionado You Khun tell into a
reasonable degree of certainty which way the market will bounce
based on the results of the Super Bowl No this
Super Bowl Okay so he might have been half kidding
But when Kopit proposed his future telling system in nineteen
seventy eight it made a lot of sense to a
lot of people mostly the people who rely on astrology
charge for their investing decisions But still you know the
concept resonated back when the term was coined The market
went up ninety percent of the time that the NFC
team won the big game and reliably went down whenever
the A F C team emerged victorious Anyway assuming that
Tom Landry then coach of the Dallas Cowboys wasn't massively
investing in plastics and pharmaceuticals each time his boys brought
home the trophy Well there was probably nothing to this
theory but it sure seemed convincing at the time Well
as time would tell the theory was proven to be
about as flimsy as the Tampa Bay Buccaneers Front seven
Well between two thousand seven two thousand seventeen the Superbowl
indicator it was exactly fifty percent accurate In other words
you might as well trust this guy to predict market 00:01:30.29 --> [endTime] turns