As many of you know, the Indicator says that when a team from the original NFL wins, the market will go up. When a team from the former AFL wins, the market will go down.
Below is a break down of the years these two teams have won and what happened to the Dow that year. With many predicting a recession, it looks like the Indicator will be right again if the oddsmakers are right in calling for a Patriots win.
New York Giants:
1987 -- Open: 1,897.36, Close: 1938.83 -- Yearly Pct. Change: +2.1 percent
1991 -- Open: 2,633.66, Close: 3,168.83 -- Yearly Pct. Change: +20.3 percent
Avg. Pct. Change in Dow when Giants win Super Bowl: +11.2 percent
New England Patriots:
2002 -- Open: 10,021.71, Close: 8,341.63 -- Year Pct. Change: -16.8 percent
2004 -- Open: 10,452.74, Close: 10,783.01 -- Year Pct. Change: +3.16 percent
2005 -- Open: 10,783.75, Close: 10,717.50 -- Year Pct. Change: -.6 percent
Avg. Pct. Change in Dow when Patriots win Super Bowl: -4.81 percent
Comments
I have always been more of a bull than a bear. How can you not be when you look at history ? http://en.wikipedia.org/wiki/Image:DJIA_historical_graph_(;log).svg
I will report back in 10 months. With the Giants upset,the Dow Jones Industrial Average, should finish the year in the green.
TheLascone