PSX5Central
Non Gaming Discussions => Off-Topic => Topic started by: GmanJoe on January 30, 2009, 03:35:20 AM
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http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/01-28-2009/0004962079&EDATE=
A review of the annual returns of the S&P 500 indicate that, on average, the market performs significantly better in years of a Steelers\' Super Bowl victory.
"When we looked at the annual returns for the S&P 500 since the first Super Bowl in 1967, it became apparent that there was a trend involving Steelers Super Bowl victories," explained Nancy L. Skeans, CPA, CFP(R), managing director of Schneider Downs Wealth Management Advisors, (http://www.sdwealthmanagement.com) based in Pittsburgh. "In the years of the previous five Steelers Super Bowl victories, the S&P 500 had an average return of + 25.5%. This is compared to an average return rate of approximately 9% in the years that a team other than the Steelers won the Super Bowl."
Given the remarkable track record, is it possible that a Steelers\' victory in Super Bowl XLIII could spark a turnaround in the stock market?
Please Lord, let the Steelers win this Sunday.
And to all you guys who became Cardinals fans 4 weeks ago, I\'ve got one word for ya: BANDWAGON! :) Hope the Steelers win! :D