Wednesday, June 16, 2010

SSRN-Is There a Correlation between World Cups and S&P 500 Performance? by Ralph Baddour

SSRN-Is There a Correlation between World Cups and S&P 500 Performance? by Ralph Baddour:
"...using data from 1950 to 2006, it was shown empirically that the S&P 500 Composite Index has an expected return of -2% over the period of a FIFA World Cup tournament. This relationship could be classified as a subset of the calendar effect class of behavioral finance anomalies."


Yeah...not going to put much stock in this one. (pun intended)

No comments: