If you're looking for an excuse to throw some money into the stock market, here's one: the Super Bowl. It may sound silly, but there is some evidence to back it up.
You may have heard about this one before. The outcome of the Super Bowl can predict the stock market's performance for the coming year. If the theory is true, 2011 will be a good year for stocks.
We still have to wait more than a week to find out if it'll be the Green Bay Packers, or the Pittsburgh Steelers who will be victorious. But no matter which team comes out on top, stocks will be a winner this year, according to Super Bowl theory.
That's because both teams are from the original National Football League, and when a team from the old NFL wins, the stock market usually goes up. Don't laugh, that theory has been right nearly 80% of the time.
"It's probably true," according to Don Jackson of UBS Financial Services, "only because the market is up more often than not." He doesn't take a whole lot of stock in the theory, because the two aren't related. Here's how Jackson puts it: "You could also say the market goes up when the sun shines, and the sun shines a lot."
Want to throw your money at yet another maybe meaningless stat? Green Bay is the early favorite, but investors might be better off if Pittsburgh wins. MarketWatch says the Dow has risen an average of 14% in the three years that the Packers won, while rising an average of 18.4% in the six years that the Steelers were victorious.
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