Those who were planning to bet big money online in regards to the outcome of the Super Bowl were served a sizeable setback over the weekend. But, assuming they also earmarked some clams for more “legal” pursuits, and play the bullish side of the market, there shouldn’t be too much to shed tears over.* According to the Super Bowl Stock Indicator, when an old NFL team wins, the Dow Jones average goes up.
The indicator has been correct following 31 of the 40 Super Bowls, wrong five times and was inconclusive four times (but more on that later). Even counting the inconclusive readings, that's about a 78 percent success rate. Dropping the inconclusive years from the equation results lifts the success rate near 89 percent.
The Bears facing the Colts marks the seventh time that two old NFL teams have faced off in the big game. The six previous times that's happened, the Dow has gone up every time, posting an average gain of 18 percent.
And if doesn’t go up, consider one point scored for Super-Bowl-Day-Spousal-Abuse. Either way, you’ve got a winner.
NFL's biggest winner: Bulls, not bears [CNN Money]
*Not that you guys would ever “shed tears,” but, you know, whatever the testosterone-driven equivalent of letting salty discharge come out of your eyes is.