So Goes the Cards, So Goes Wall Street
St. LOUIS, Mo. (KMOX) – If the Cardinals go on to win the World Series, it wouldn’t just be great for the team and its fans, but maybe for the national economy as well.
Economist Alan Skrainka with Cornerstone Wealth Management in St. Louis says if history is a guide, a Cardinals World Series win is very bullish for the stock market;
“When the Cardinals win the World Series, the stock market rises 13 percent, on average in the following year, and that’s more than any other team that’s won
the series at least four times.”
So why is that? No real reason, but Skrainka offers this possibility; “I would say the Cardinals have the largest fan base of any major sports team
and if they get excited and enthusiastic, maybe they’ll spend more money and maybe that will make the economy rise.”
Skrainka says think back to the 1982 World Series win…that was the start of one of the biggest bull markets in our lifetime.