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The S&P 500 Loves The Steelers
Posted By Jim On 02/07/2006 @ 4:36 pm In Investing,Personal Finance | 2 Comments
Let’s tack on another NFL-related stock indicator and that would be the Pittsburgh Steelers Super Bowl appearance indicator. Following the five previous Super Bowl appearances by the Pittsburgh Steelers (1996, 1980, 1979, 1976, 1975), the Standard and Poor’s 500 Index has appreciated an average of 22%. The smallest appreciation was a healthy 12.3% in 1979 when they defeated the Dallas Cowboys in Super Bowl XIII.
The next best team are the San Francisco 49ers with 4 up years and one down year, a 6.6% drop in 1990. The worst team is the Oakland Raiders with a mere 2.8% appreciation and the market performing better when they lost than when they won.
Looks like it’s time to buy that index fund!
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 this article: http://www.post-gazette.com/pg/06036/649938.stm
 his daily roundup: http://www.thekirkreport.com/2006/02/in_and_out_of_t.html
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