NBA Investment Superstitions
There has been various superstitions regarding sporting championships's effect on stock markets. There is the Superbowl Indicator, claiming that if an NFC team wins the final then the Dow will increase over the next year. Consequently, when an AFC team wins the Dow will decrease. This has been true 82% of all Superbowls
There is also an effect for the World Cup where the winning country's stock markets rise and the losers' decline. This phenomenon has occurred since 1974, only failing once in 2002.
- Does anyone have market superstitions about the NBA Finals? Nike increases if LeBron wins?
Articles:
http://fortune.com/2016/01/20/super-bowl-predicto…
http://www.telegraph.co.uk/finance/markets/108609…