What's good for the Steelers is good for America.
In the five years the Steelers have played in the Super Bowl, the Standard & Poor's 500 has advanced an average of 22 percent annually, more than double the 8.6 average annual gain the index has racked up since the game was first played in 1967.
While the Steelers lost in their most recent Super Bowl appearance, the market has never had a losing year when the Steelers appear in the game. The S&P's worst performance for a Steelers year was 1979, when it advanced 12.3 percent after the Steelers beat the Cowboys in Super Bowl XIII, 35-31.
2 comments:
Earlier today I thought I misheard a top of the hour radio stock mnarket update:
"... and the DOW is up 6 points the day after the Steelers win."
This is a variation of the old AFC Super Bowl winner stock predictor.
According to the LA Times, the index provided only a 4.9 percent total return in 2005. An advance, but below average.
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