Sunday, February 7, 2010

Saints win worth 10.3%

Based on Business Week's pre-game analysis, here's what the Saint's win in Superbowl XLIV is worth to your bottom line in the stock market (or maybe in the options market, in which case you're nicely leveraged):
  • Saints win: +9%
  • NFC win: +15%
  • Low scoring game: +7%
  • Bottom line: The market will rise 10.3% sometime after today.
Remember, you heard it here first!

So, SPY closed Friday at 106.66, and 10.3% above that is 117.6, which puts it above the high of  115.13 set on Jan. 15, and just below the low of 117.70 set on Sept. 26, 2008.

Happy days are here again, yes?

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