There’s always much to debate when it comes to statistics and correlation. Take the issue of whether an American Football Conference victory in the Super Bowl is a real indicator of where the stock markets are going — or not.
Rather than argue over numbers and analysis, why not just sit back and enjoy the game — as well as the theory? That’s the approach taken by Robert H. Stovall Sr., who keeps track of the Super Bowl and its relationship to the markets and is considered a market guru for many in the business.
He follows the January indicator, but is more keen on watching the December low. For the Dow in 2013, that was 15,739.43.
“We do not want to get under that in the first three months of 2014,” Saut said. “I’ve been telling people since mid-December … that the market’s gone way up and would be vulnerable through late January and early February. We’re on track for a 5%-7% or 10-15% correction.”