Economy
Related: About this forumDon't know much about football
but will yesterday's winner mean market up or down?
DEFINITION of 'Super Bowl Indicator'
An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in the stock market for the coming year, and a win for a team from the old NFL (NFC division) means the stock market will be up for the year.
http://www.investopedia.com/terms/s/superbowlindicator.asp
Roland99
(53,342 posts)Depaysement
(1,835 posts)Denver won.
So the would foretell a decline in the stock market in the coming year.
Last year, when New England won (another original AFL team), the S&P was down very slightly.
question everything
(47,485 posts)And the markets are down just as the oldest baby boomers are turning 70, many will by 70 1/2 by Dec. 31st, meaning a Required Minimum Withdrawal from 401Ks and IRAs
Depaysement
(1,835 posts)That may boost spending and reduce equity purchases. That would boost the market.
Tough on boomers, though. They've had a good ride. Their grandkids - not so much.