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Thursday, January 20, 2011

The Equity Market is in Trouble... J-E-T-S Edition

Floyd Norris (via The Big Picture):

Consider the performance of the Standard & Poor’s 500 in 1969, the year the Jets won their only Super Bowl. It was down 11.4 percent.

Contrast that to the market’s performance after victories by any of the other teams still in contention. The market has never gone down after any of them won the Super Bowl.



Since:

A) The market has "always" gone down when the Jets win
B) The Jets will win (warning: the last time I was this confident they lost by more than 40)
C) The market will go down

Or something like that...