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Say it ain't so

Posted by: Howard Silverblatt on March 26, 2008

Historically, if the New York Yankees loose their opening game (March 31) the S&P 500 is 5% more likely to close up for the year, and the return, on average, is 47% better (6.25% when they win vs. 9.15% when they loose). A very, very sad thing (no one tell Rudy).

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About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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