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Yankee's Win = Market Gains?

Title:

Yankee's Win = Market Gains?

Published: Thu, 5 Nov 2009

Description: FBN's Sandra Smith on the connection between the stock market and Yankees winning the World Series.

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Automatically Generated Transcript (may not be 100% accurate)

" well you know there's all kinds of economic indicators but there's one. It has to do with pinstripes and we know what we're talking about don't we were talking about of course. The York yankees the Yankees they -- 47 World Series planet that I know you don't dep I love talking about it. Is there a connection to the stock market. That Christmas -- there is hi Sandra."

" Hey -- all other -- yankees and or Phillies and you might be happy that the Yankees actually want because this points to a pretty bright future for your 401K. If history does this serve us right here there's three things about this World Series of real collect. Sixteen series. The S&P capital IQ a financial research firm they look back over 73 years 73 years of World Series and the reaction in the stock market here's what it -- Win the World Series ended in six games the average return the following you're in the stock market measured by the S&P 500 with 15%. In years that they gained even want to. The average return with 10%. And in a year -- the Phillies but lost the stock market gained 11%. So all three of these things are obviously very bullish indicators of what is to come for this stock market and all you yankees fans are gonna love is back. The team correlated with the worst S&P 500 return. Following -- World Series. What Red Sox were talking about the 2007. Win the following year 2008 the stock market fell 37%. -- what --"

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