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Article: Bull Market Goes Against History
- Article from:
- AP Online
- Article date:
- January 24, 1999
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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CHET CURRIER, AP Business Writer
AP Online
01-24-1999
Bull Market Goes Against History
NEW YORK (AP) -- The great bull market for stocks is trampling some long-standing myths and traditions on Wall Street.
Take the Super Bowl indicator, a bit of whimsy that has enjoyed a nice 25-year run in financial folklore. Just about every year, it seemed, the outcome of the National Football League championship game in late January could be used as a cue for investors.
So what if it was utter coincidence? The record showed that stocks did poorly in any year after an original member of the American Football League won the game. Conversely, it was clear sailing for the market after a victory by any ...
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