OFF THE TICKER : Super Bowl XXVII: Bears Bet on Bills
Lacking inspiration, Wall Street traders are looking forward to Super Bowl Sunday for one of the best forecasts of where the market is going.
A victory by the National Football League’s National Conference, represented by Dallas this year, has traditionally meant the stock market will end the year higher. A win by the American Conference representative, Buffalo, has been followed by a lower close.
The Super Bowl barometer has held true 23 times in 26 years.
“You have to take it with a big grain of salt,” said Jim Schroeder, a market analyst at MMS International. “But it’s interesting to see.”
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