The Super Bowl Stock Market Predictor
Lifted from NPR Weekend Edition:
The Super Bowl Stock Market Predictor holds that if a team from the old NFL wins, the market will rise in that year; if a team from the old AFL wins, the market will fall. In 1990 two researchers found that the predictor was accurate 91 percent of the time. A member of Washington and Lee University’s finance faculty, George Kester, has completed a new study that finds that the predictor’s accuracy has fallen slightly to 77 percent. He speaks with host Liane Hansen.
A study is needed to evaluate the demand dynamics for economists. A glut is glut wherever a glut exists.
I’m not sure how you would score this one, because both Indy and New Orleans are from the old NFL. Remember, before the merger the Baltimore Colts (now Indy Colts), Cleveland Browns (now Baltimore Ravens) and Pittsburgh Steelers were part of the old NFL. So it’s heads the NFL wins, tails the old AFL loses???
Well, there are no old AFL teams in the game this year. Last year both Pittsburgh and Phoenix are old NFL teams. Compared to the Steelers and the Cardinals, the Saints and the Colts are New NFL teams. There hasn’t been and old afl winner since 2004. I’m rooting for the Saints and hoping the markets can take care of themselves.