Here’s a note from Gary Jenkins, head of fixed income at Evolution Securities, on Tuesday regarding what could be a very inauspicious signal for the stock market emanating from this year’s World Cup.
As Jenkins points out:
For the sake of the equity market, lets just hope that the semi finals do not result in an Holland v Germany final. That last occurred in 1974, in which year the Dow was down 29% that year…23% after the final…and the Dow is down 7% this year so far…..its all rather worrying….
Article Series - South Africa 2010
- World Cups good for tourism, bad for industrial production, BofAML says
- The Germans always win
- The World Cup pairs trade (ex-Spain)
- South Africa: back of the net - not
- World Cup beer goggles = 180bps
- UBS on which stocks - and teams - will win the 2010 World Cup
- England to win World Cup, says JPM quant model
- England sponsor confident England will lose
- Two very different quant models say Brazil will win World Cup
- Take on the World Cup quants
- Introducing the Soccer Power Index
- The World Cup effect
- Anything but Holland vs Germany...?
- Paul the octopus, conqueror of quants
- Higher GDP makes footballers more attractive