Have your 401K and 529 plans recovered this year? Thank the Pittsburgh Steelers

[scheming daemons]

The article below was from January, prior to the Super Bowl.

In the ensuing 6+ months, it turns out the "Steelers indicator" has proven accurate.

The S&P is up over 25% already since the Super Bowl.


Thank ben Roethlisberger and Santonio Holmes.


;-)



http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/01-28-2009/0004962079&EDATE=

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A review of the annual returns of the S&P 500 indicate that, on average, the market performs significantly better in years of a Steelers' Super Bowl victory.


"When we looked at the annual returns for the S&P 500 since the first Super Bowl in 1967, it became apparent that there was a trend involving Steelers Super Bowl victories," explained Nancy L. Skeans, CPA, CFP(R), managing director of Schneider Downs Wealth Management Advisors, (www.sdwealthmanagement.com) based in Pittsburgh. "In the years of the previous five Steelers Super Bowl victories, the S&P 500 had an average return of + 25.5%. This is compared to an average return rate of approximately 9% in the years that a team other than the Steelers won the Super Bowl."

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[cloudbase]

1. It's a good thing that

it's not tied to the performance of the Pirates.

[FSogol]

2. LOL. n/t

[livetohike]

3. Here we go Steelers! Here we go!

Super Bowl 2010 :-).

[reflection]

4. Roethlisberger to Holmes

to the S&P to the DJIA! Woooo! :D