78°F
Sponsored by

How the Outcome of the Super Bowl Could Impact Stocks

The match-up is set. The Seattle Seahawks are going up against the Denver Broncos in this year's Super Bowl. But be careful which team you root for because it could affect your stock portfolio.
The match-up is set.  The Seattle Seahawks are going up against the Denver Broncos in this year's Super Bowl. But be careful which team you root for because it could affect your stock portfolio.
   
Want your retirement fund and stock portfolio to do well this year?

Root for the Seattle Seahawks in the Super Bowl.

Sounds odd, but there's some wall street lore about the correlation between stocks and the Super Bowl.

The thinking is...the Dow will post an annual gain if the NFC team -- or a team from the original NFC -- beats the AFC team in the big game.

This year, that means the Seattle Seahawks.

It's called the Super Bowl indicator and it's been right about 80-percent of the time.

That's better than some stock pickers!

But be careful. Analysts warn it's really just a coincidence, random,  some even say it's irrelevant.

But Wall Street loves a predictor of any kind.

There's the January barometer, which says the first month of the year predicts how stocks will do for the year.

Sell in May and go away, which says the market doesn't usually do well during the summer.

And many more.

But when it comes to your nest egg, know that what really dictates stocks is how the economy is faring.  And these days, how soon the Federal Reserve's stimulus program will end.


(Alison Kosik, CNN)

Page: [[$index + 1]]
comments powered by Disqus