February 7, 2011
Congratulations to the winners of this year's Super Bowl - the only publicly traded major league football team (though good luck trying to get any shares).
And so we turn our attention, however briefly, to the Super Bowl Indicator. Tradition, rumor, and anecdote hold that if an "original NFL" team wins, then the stock market will head higher for the year. This year's contenders, the Green Bay Packers and Pittsburgh Steelers, are both original NFL teams and so that would seem to suggest that the market has nowhere to go but up. I suspect that the Super Bowl Indicator has as good a record as Punxsutawney Phil, and so have already spent enough time on this topic.
In real news, mergers and better earnings reports will likely keep the market humming.
GTC
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).