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As one of the CNBC fans, I was stunned to open my own in the inventor box earlier this week to find an email chain with the topic line, “Why does the bulls hate birds.”
Among my colleagues was data from the largest market strategies in the Carson Ryan Derek market, who indicated that Philadelphia Super Paul’s victory and the global victory coincided historically with the stock market disaster.
The collapse of the stock market 1929? In the same year, Philadelphia won athletics in the world series. And 2018, the year in which the Eagles won the first Super Paul, was the worst year of shares since 2008.
“Who should you take it? Personally, I can’t afford any of the two teams, but I think I will only say when Feli wins the Super Bowl series or the world Series really bad things.” Book in the postThis is followed by this horrific graph.
Look, I don’t expect anyone to stand with Feli fans. I have Jason Kelis’s shirt saying: “Nobody loves us. We don’t care.” I get it, we are hateful.
But if you are going to support leaders in this, it shouldn’t be because you are afraid to decrease in your wallet. After all, this thing about Philly Sports and the stock market slices is the latest in a long series of “indicators” that market experts throw for fun.
Beware of market indicators “fun”
Things that already drives the movement in economics and stock markets – Corporate profits, consumer feeling, and interest rates can be dry. And those who write about these things love their spices once while with small nuggets of data from the date of the stock market.
Certainly, you can pay attention to what the Federal Reserve does. But what if you can know what will happen in another way?
Take the so -called hemline, which says that the skirt patterns tend to be shorter during the emerging markets (think about the twenties of the last century, the prosperous eighties) and dresses become more modest during economic shrinkage. In this context, the event that should pay attention to this weekend may be Super Bowl, but New York Fashion Week.
Or you can ignore everything if you believe in the January scale. This market intuition indicates that the results of the stock market for the stock market tend to follow what the stocks did in January. This is good news this year; S&P rose by 3 % in the first month of the year.
However, the historical link is supported by the fact that the market has historically turned up, the period. The stocks have produced a positive evaluation year of 71 % of time since 1945, including 14 of 29 times decreased in January.
Because any of the stories related to these indicators will remind you: the previous performance is not a guarantee of future results. Even if any of these indicators is a reliable predictive of the stock market movements in the past (it was not), no one will be able to know where the investments are going in the future.
Even if you believe in these types of things, the evidence against Philly SPORTS is more filthy than you look. Velez certainly won the title in 2008, and that was a bad year for shares. The global financial crisis and the bear market related to 2007 began, and the global series was played in October.
The 2007-2009 bear market ended less than six months after Velez’s victory, in March 2009, so you can also say that they helped change things.
Also, why only the world series and Super Bowl? Shouldn’t we consider Sixers in 1983, the year that saw 17 % climbing in S&P 500? What about 1975? In the year when the pilots raised the second Stanley Cup, the market rose by 32 % (after a 30 % decrease, but who is calculated?).
In addition, according to Detrick, the classic Super Bowl indicates that the market tends to prefer NFC winners on AFC. This would prefer eagles, although the last two years after titles have been very amazing for investors.
So what is the neutral fan that must be made from all this? Detrick will be the first to tell you: nothing. Your portfolio does not move based on the period that the dresses take or whoever wins sporting events. So do not hesitate to choose a team based on a uniform color, gravitational cortresse, or your feelings on Taylor Swift.
Simply, if the market tanks are, it will not be because the Eagles raised the Lombardy Cup on Sunday. So say it with me: Go to the birds.
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