As you’ve probably heard by now, 2011 will be a banner year for investors. It’s an absolute lock, according to the venerable Super Bowl Indicator.
According to this theory, when the winner of the Super Bowl is a team from the old NFL the stock market soars. When the winner is from the old AFL, the market drops. Over the years, the SBI has been right about 80 percent of the time.
Fortunately for investors, this year’s game features two old school NFL teams — the Pittsburgh Steelers and Green Bay Packers.
But if you’re looking for a maximum market bounce, cheer for the Steelers.
Jimmy Haslam, president and CEO of
Pilot Travel Centers and part-owner of the Pittsburgh Steelers, says he has “no special plans to watch” tonight’s NFL player draft.
But the head of the Knoxville-based company had stronger comments on the suspension of the Steelers’ star quarterback Ben Roethlisberger.
“The NFL obviously takes very seriously the behavior of their players and rightly so, as do the Pittsburgh Steelers,” Haslam said.
“We are certainly very disappointed in Ben’s behavior.
“We hope this will be a life-changing event for him and are looking forward to seeing him straighten his life out and get back on the right path.
“We fully support the Commisioner’s decision.”
Roethlisberger was suspended for six games in the wake of a sexual assault investigation in Georgia.
Haslam bought a minority stake in the Steelers a little more than a year ago.
(Roethlisberger photo by Associated Press)