… I was reading the PARADE section of my Salt Lake Tribune this morning and one of the articles was talking about Super Bowl Myths. One of the myths was “MYTH #6 The outcome of the Super Bowl predicts the stock market’s performance for the coming year.” They say that if a team from the old National Football League wins, the markets go up. If the winner is from the old American Football League, the markets go down.
… As hard as it may be to believe, there is a correlation. According to some investment guy from Florida, this myth holds true for 36 of the 43 Super Bowls so far (not including this year). That’s a correlation of .79, or 79% of the time it’s right.
… The question is why? Just because there is a correlation, doesn’t mean there is a link between the two. For example, in one of my statistics classes the professor pointed out that the correlation between cigarette smoking and lung cancer was the same as the migration of storks to some area in the Netherlands (I can’t remember the area she mentioned) and a spike in the birth rate there.
… Causality? Probably not. But it still is amusing.