Wall Street rooting for Packers
United Press International - January 19, 1998 18:22
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NEW YORK, Jan. 19 (UPI) - The nation's economy is showing signs of
strength, profits are up, earnings are strong and the Asian crisis is
showing signs of stabilizing.
But Wall Street is waiting for the first key test of the new year.
The outcome of Sunday's Super Bowl XXXII.
Analysts with Standard & Poor's Corp., the investment and corporate
rating service, have no stated favorite for the big game but Wall
Street's ''Super Bowl Theory'' is a winner, according to one of S&P's
leading stock market analysts, Frank W. Slusser.
Slusser, a former stock market writer for United Press International,
claims an accuracy rate of 90 percent in predicting stock market
performance for the remainder of the year based on the outcome of the 32
year-old NFL championship.
According to ''Slusser's Theory,'' as it has become known, ''Wall
Street is rooting for Green Bay.''
Slusser said, ''With almost 100 million households expected to watch
the game...whenever AFC wins, S&P loses for the year''.
The NFC has defeated the AFC in the past 13 consecutive Super Bowls.
Slusser has been right 28 years out of 30, with the exception of
1984, when the AFC Los Angeles Raiders won 38 to 9 over the Washington
Redskins.
In 1997's Super Bowl XXXI, when Green Bay beat New England 35 to 21,
the Dow Average jumped 22.64 percent.
In the first Super Bowl game in 1967, NFC Green Bay beat AFC Kansas
City, 35 to 10. The S&P Index jumped 20.1 percent for the year.
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Copyright 1998 by United Press International.
All rights reserved.
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