The hilarious Super Bowl Indicator

There is something called the Super Bowl Indicator, that is used to predict whether there will be a bull or bear market.

From Investopedia's article about the Super Bowl Indicator:
“… a Super Bowl win for a team from the National Football League’s American Football Conference (AFC) foretells a decline in the stock market (a bear market) in the upcoming year. Conversely, a win for a team from the National Football Conference (NFC), as well as teams from the original National Football League (NFL)—before the merger of the NFL and the American Football League (AFL) in 1966—means that the stock market will rise in the coming year (a bull market).

Leonard Koppett, a sportswriter for The New York Times, first introduced the Super Bowl Indicator in 1978.3 Up until that point, the Super Bowl Indicator had never been wrong.”

However, it is as expected a complete garbage predictor. I found it pretty hilarious and wanted to share this piece of history.

Here a link to the article:

https://www.investopedia.com/terms/s/superbowlindicator.asp#:~:text=Conversely%2C%20a%20win%20for%20a,year%20(a%20bull%20market