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Finance: What is the Super Bowl Indicator? 1 Views
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What is the Super Bowl Indicator? Back in the late 1970s, a NY Times Sportswriter attempted to make a correlation between whether an NFC or AFC team won the Super Bowl and if the Dow Jones Industrial Average closed up or down that same year. At that time, there had been only a dozen Super Bowls played, and it appeared to be 90% accurate. Since then, the accuracy has drifted considerably to where the law of averages has debunked the Super Bowl as a market prognosticator.
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Transcript
- 00:00
Finance Allah shmoop what is the Super Bowl indicator And
- 00:07
sadly Nostradamus has been dead for five hundred years So
- 00:11
when your tea leaves have dried up and your crystal
- 00:13
ball is in the shop what do you use to
- 00:15
determine whether the stock market is about to go up
Full Transcript
- 00:18
or down Well according to the famous Leonard Koppett sports
- 00:21
writer and major superstition aficionado You Khun tell into a
- 00:25
reasonable degree of certainty which way the market will bounce
- 00:28
based on the results of the Super Bowl No this
- 00:32
Super Bowl Okay so he might have been half kidding
- 00:35
But when Kopit proposed his future telling system in nineteen
- 00:38
seventy eight it made a lot of sense to a
- 00:40
lot of people mostly the people who rely on astrology
- 00:42
charge for their investing decisions But still you know the
- 00:46
concept resonated back when the term was coined The market
- 00:49
went up ninety percent of the time that the NFC
- 00:53
team won the big game and reliably went down whenever
- 00:56
the A F C team emerged victorious Anyway assuming that
- 01:00
Tom Landry then coach of the Dallas Cowboys wasn't massively
- 01:04
investing in plastics and pharmaceuticals each time his boys brought
- 01:08
home the trophy Well there was probably nothing to this
- 01:10
theory but it sure seemed convincing at the time Well
- 01:14
as time would tell the theory was proven to be
- 01:16
about as flimsy as the Tampa Bay Buccaneers Front seven
- 01:19
Well between two thousand seven two thousand seventeen the Superbowl
- 01:23
indicator it was exactly fifty percent accurate In other words
- 01:27
you might as well trust this guy to predict market 00:01:30.29 --> [endTime] turns
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