|
|
Article: Why did the Dow plummet? It's only a theory, but . . .
- Article from:
- Chicago Sun-Times
- Article date:
- November 1, 1987
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
|
Theory: The first trading day after the last NFL game played by
replacement players, the stock market will lose over 500 points on
the Dow.
This is just a theory, mind you, but it has been amazingly
accurate in the past, most recently on Oct. 19. Ironically, on that
day, too, the stock market convulsed so badly the NFL players'
pension fund lost $40 million.
As a general rule, it appears to be easier to find non-economic
explanations for stock market gains than it is to find non-economic
reasons for losses. But maybe, if applied in reverse they work.
Maybe not.
There are a few good ones:
If an NFL team that plays in the National Football Conference
wins the Super Bowl, the stock ...