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November 5, 2009

Will the Yankees' Victory Favor Wall St.'s Bulls?

Cyrus Sanati, DealBook

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Sign Up for DealBook E-Mail DealBookHome Mergers &Acquisitions InvestmentBanking I.P.O. /Offerings PrivateEquity HedgeFunds VentureCapital Legal Investment Banking Will the Yankees’ Victory Favor Wall St.’s Bulls? November 4, 2009, 11:56 pm

Update | 11:56 p.m. Wall Street should be happy that the New York Yankees won the World Series — and not just because the team is from New York. A coincidental sports indicator shows that a Yankee victory in the series has historically been bullish for the stock market.

A quick analysis by Standard & Poor's Capital IQ finds average double-digit annual returns from stocks when the Yankees became the...

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TAGGED: stock market

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