The fact that the Patriots lost Sunday's Super Bowl may yet contribute to market recovery. At least, that's one theory. One can look back over trends for any market and try to make correlations. But I thought this, from Inman News, looking for connections between Super Bowl winners and losers and market trends was interesting. And fun :0)
Now from a team perspective, when the Giants have won, the results have been more favorable than when the Patriots have won. In the Giants' two previous wins (1987 and 1991), the S&P rallied 17.8
percent on average. Although, when the Patriots won (2002, 2004 and 2005) the market was -2.1 percent on average.
More impressive is when the Patriots lost the Super Bowl in 1986, and in 1997 the markets rallied 25.8 percent on average. Now we are talking. It is a good thing the Patriots lost last night because the last time we had a team go undefeated (the Miami Dolphins in the 1973 Super Bowl) it preceded the 1973-74 economic recession where the S&P 500 dropped 14.5 percent.
What do you think? Do you think we're ready for a market recovery?
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