Mark Hulbert: Stock investors should want the Cubs to win the World Series

CHAPEL HILL, N.C. (MarketWatch) — The stock market may have an extra reason to root for the Chicago Cubs in tonight’s final game of this year’s World Series.

That’s because the market soared following their previous victory — yes, back in 1908. Over the month following that win, the Dow Jones Industrial Average DJIA, -0.43% jumped 8%. A similar-sized gained these days would add more than 1,400 points to the Dow.

The stock market’s immediate reaction following the last Cleveland Indians’ World Series win, in 1948, was considerably different: Over the month following that victory, the Dow slumped 4.9%.

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