Stock Market Bulls Are Thrilled To Hear There Will Be No Triple Crown Winner This Year

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Friday, June 8, 2012 Stock Market Bulls Are Thrilled To Hear There Will Be No Triple Crown Winner This Year While it is upsetting news for most of the public that I'll Have Another has been forced to drop out of the Belmont Stakes, which means the horse cannot be the first horse since 1968 to win the Triple Crown, Wall Street might not be so sad, according to Bespoke Investment Group. Going back to 1928, there have been ten triple crown winners.  Following those ten victories, the average change of the S&P 500 for the rest of the year was a decline of 9.01% with positive returns only once (Omaha).  On the other hand, looking at the S&P's performance in all years since 1928 where there was not a Triple Crown winner, the index has averaged a gain of 5.23% with positive returns 74% of the time.  Of course this correlation is probably spurious.  But the superstitious now have something to be cheery about. Read » Also On Money Game Today: S&P AFFIRMS U.S. RATINGS, OUTLOOK REMAINS NEGATIVE STOCKS RALLY, BEST WEEK OF 2012: Here's What You Need To Know STIGLITZ: The U.S. Government Needs To Spend, Spend, Spend Now Here Are 15 Reasons Why Everyone's Suddenly Freaking Out About China Advertisement CHART OF THE DAY: Initial Jobless Claims In Perspective Recap After The Bell With 'Money Game Chart Of The Day' CHART OF THE DAY: Facebook's Horrible IPO In Context Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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