
the staff of the Ridgewood blog
Ridgewood NJ, the Recession has been averted. The Houston Astros beat the Philadelphia Phillies to win the World Series Saturday night, pushing the most reliable recession indicator we have (a Philly-based team won in ’29, ’30, ’80, and ’08) off for at least a year.
Superstitious investors may have their eyes glued to this World Series as the Philadelphia Phillies take on the Houston Astros. That’s because Philadelphia baseball teams have a knack for winning the World Series right around the same time a recession hits and the stock market crashes. “Whenever a team from Philadelphia wins it all, bad things happen soon after,” the Carson Group’s Ryan Detrick said late last month.
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