NFC Victory in Super Bowl Often Preceeds a Bull Market
Super Bowl Aftermath Market Blast
Green Bay’s win last Sunday, in what could well be the last NFL football game until 2012 or farther into the future (pro football team owners are threatening a labor lock-out delaying the training camps for the coming season), may well foretell a boom in Wall Street stock values.
Conventional wisdom since 1967 says, that with a victory by a National Football Conference team, the stock market will probably rise more than ten per cent during the following twelve months. There is no telling, but there is always uncertainty in which months this bull market will be seen.
Too bad these pending security value increases does not necessarily translate into improvement of the American economy. The Packer win was relatively convincing from the first quarter on. The Steelers made it exciting until after the final two-minute warning. Uh, oh. An AFC team win often leads to a negative bear market.
Already as soon as this Monday morning, the DJIA rose more than 80 points to finish near a close of 12,162. Eight stocks that we are following made phenomenal gains in just one day after SB XLV, for instance:
- Silicon Graphics (SGI) was up 10.4%
- SonoSite Inc. (SONO) rose 3.8%
- Elan Pharmaceuticals (ELN) rocketed another 3%
- Thoratec Corp. (THOR) increased 2.5%
- Pennsylvania Real Estate Trust (PEI) rose 4.5%
- Vence Information Technologies (VIT) went up 3.5%
- Chesapeake Energy Company (CHK) jumped 4%
- Jinko Solar Holdings (JKS) increased about 6% in just one day after the football game
Ironical as it may sound, if the Chicago BEARS had faced and defeated the New York Jets in this season’s super bowl, a BULL market might also have started or continued.
Good luck and enjoy the marketplace games!
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