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Wednesday, September 23, 2009

Are Yankees a leading economic indicator?

Here's how long it has been since the Yankees were in the postseason: Their last playoff game took place at Yankee Stadium on October 8, 2007. The very next day, a few miles south, the Dow had its highest closing ever: 14,164.53.

With the Yankees an also-ran, the Dow plummeted to 6,547 on March 9 of this year, the same day that A-Rod went under the knife.

Then A-Rod got healthy and the Yankees started rolling. With the Bombers back in the playoffs, the Dow closed today at 9,748.55.

The first time the Yankees won two titles in a row - 1927 and 1928 - the streak ended in 1929. That October, the stock market crashed.

1987 was not a notable year for the Yankees as far as I know, so I will blame that year's crash on the failure of the 1986 Mets to repeat.

7 comments:

Uncle Mike said...

The Dow did very well in 1996, 1998 and 1999... but not as well in 2000.

The Dow's first close over 1,000 was in 1972, when neither New York team won the Pennant. The year the Dow finally got back above its 1929 high? 1954. No Pennant that year... unless you count the Giants, who haven't won a World Series in New York or San Francisco since?

Anonymous said...

I think it's the other way around, when the Dow is performing well, the Steinbrenners can afford to take extra cash from their portfolios and pay off all the "little people" that they need to pay so that they can claim that oh-so-desired trophy.... friggin losers

Anonymous said...

The Yankers have no effect on the stock market, quite the opposite, when the market is roaring, they can now afford to buy that elusive trophy, hence the late 1990's spending spree. Then the bubble burst, and suddenly no more trophies - coincidence? I think not.

Uncle Mike said...

Well, one thing's for sure: The rises and falls of the stock market have no effect on the perceptiveness of this anonymous coward who doesn't know squat about baseball.

He's worse than Geno the Rays fan. At least he was funny once in a while.

Anonymous said...

Anonymous coward? You must be talking about Uncle Mike (aka MINJ), he doesn't know squat about baseball, after all look at who he thinks is a great team! what a loser....

The Emperor said...

Anon,

To say Mike doesn't know anything about baseball is like saying a fish doesn't know anything about swimming.

I've never met anyone who's as much of an in-depth baseball historian that isn't a well-known sports columnist or author than Mike.

Get serious...really.

Uncle Mike said...

Thanks, Emperor.