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created over 4 years ago | Tagged: bull market, steelers,

Jimmythegrill

S&P 500 Averages a 25.5% Return in Years of a Steelers Super Bowl Victory PITTSBURGH, Jan. 28 /PRNewswire/ -- Casual fans may have more than just a rooting interest in this year's Super Bowl, pitting the Pittsburgh Steelers against the Arizona Cardinals. Is it possible this year's game could impact the 2009 performance of the stock market? A review of the annual returns of the S&P 500 indicate that, on average, the market performs significantly better in years of a Steelers' Super Bowl victory. "When we looked at the annual returns for the S&P 500 since the first Super Bowl in 1967, it became apparent that there was a trend involving Steelers Super Bowl victories," explained Nancy L. Skeans, CPA, CFP(R), managing director of Schneider Downs Wealth Management Advisors, (www.sdwealthmanagement.com) based in Pittsburgh. "In the years of the previous five Steelers Super Bowl victories, the S&P 500 had an average return of + 25.5%. This is compared to an average return rate of approximately 9% in the years that a team other than the Steelers won the Super Bowl." Given the remarkable track record, is it possible that a Steelers' victory in Super Bowl XLIII could spark a turnaround in the stock market? "It never hurts to be positive," explained Ms. Skeans. "However, the reality is that the performance of the S&P 500 is influenced by numerous factors, none of which involve football. I think it's likely that this year's market performance will be much more heavily influenced by fundamental factors and by the restoration of confidence in financial markets around the world. Investors eventually will return to the equity markets in search of long-term profit in light of the significant sell-off that has occurred, rather than the number of yards Willie Parker gains in the game. "Still, it's one more reason to pull for the Steelers." Schneider Downs Wealth Management Advisors, LP is a financial and investment planning affiliate owned and operated by the shareholders of Schneider Downs & Co., Inc. The practice provides investment guidance to more than 10,000 401(k) participants in 23 states and is a Registered Investment Advisor with the Securities and Exchange Commission. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Nancy Skeans https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=74894

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