The Patriots lose in the Super Bowl ... so how is this bullish for the stock market?
According to stats when a AFC team loses (New England Patriots) its bullish for the stock market 80% of the time. Couple that with the January effect, which indicates that if the month of January is positive, the rest of the year for the stock market will also be positive. So it looks like the stock market should have a good year. What do you think? Vote today and let us know if you believe in these coincidences.
This Sunday, millions of eyes will be glued to their television sets to watch the Green Bay Packers and the Pittsburgh Steelers go head-to-head in the Super Bowl. Some will be watching for the game, some just to check out the commercials, but is there another side to the Super Bowl that affects us as traders?
Recently, I've read the remarks of several analysts who say that the Super Bowl could very well be a litmus test of retail sales for the year, but what do you think?
As always we invite you to leave your thoughts on the subject below, in our comments section.