Against the odds the New York Giants found a way to beat the previously-undefeated New England Patriots to claim victory in this year's Super Bowl.
Could this victory translate into an up-year for stocks? Wall Street watchers have noticed an interesting trend. When a team from the original NFL such as the NY Giants wins the Super Bowl, the market goes up. When a team from the old AFL, like the New England Patriots wins the big game stocks goes down. This statistical correlation is often referred to as the Super Bowl Stock Indicator.
According to The Wall Street Journal this indicator has come to fruition 33 out of 41 times, with a accuracy of 81 percent. Coincidence???
I don't buy it!!! Following trends like the Super Bowl Stock Indicator is like playing craps with your investment dollars.
Steve Deutsch - Glenbrook South H.S. Congratulations Steve Deutsch of Glenbrook South High School, you are the Toyota High School Athlete of the Week - AGAIN!
Gridiron Greats Former Chicago Bear greats Mike Ditka and Gale Sayers have a plan to get medical care to banged up ex-players. WBBM's Debra Dale reports.
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