I just read an article from a financial publisher who was hoping to capitalize on the popularity of today's Super Bowl.
The article was based on an indicator, first proposed back in the 1970s by a New York Times sportswriter, the late Leonard Koppett.
Strange as it may seem, the article suggested that when a team from the original AFL won, the market dropped, and when a team from the original NFL won, the market rose.
Now, most reasonable people understand that this is just a fun case of correlation without causation.
But not everyone is reasonable.
This writer, who's going to remain nameless here while he gets a thorough debunking, spent more than 700 words explaining "why the Super Bowl Indicator actually works."
Tags:trading strategy
To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer:© 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Here's the Truth About Those Crazy Financial "Indicators" You Keep Hearing About appeared first on Money Morning - We Make Investing Profitable.