Sunday, February 07, 2010

Bad News for Bears (humor)

by Bill McBride on 2/07/2010 03:41:00 PM

First, via NPR: The Super Bowl Stock Market Predictor

The Super Bowl Stock Market Predictor holds that if a team from the old NFL wins, the market will rise in that year; if a team from the old AFL wins, the market will fall.
Both the Colts and the Saints qualify as "old NFL", so that is bad news for the bears!

Second, from Bloomberg: Greenspan Says Unemployment Not Likely to Fall Soon
Former Federal Reserve Chairman Alan Greenspan said it is “very difficult” to see U.S. unemployment falling soon and that an economic recovery is “going to be a slow, trudging thing.” He also expressed concern about falling stock prices.
Uh oh, it makes me nervous when I agree with Greenspan, so maybe the recovery will be "V-shaped" and unemployment will fall quickly!

Just joking of course - I still think the recovery will be sluggish and unemployment will stay elevated for some time.