It's no coincidence that the market suffers quite a bit in the summer. Especially this summer with a little event going on in Brazil.
I've recently come from a talk that put some logic behind market actions as a consequence of the World Cup. What is the other big item that goes hand in hand with World Cup? Lots of beer? loots of food? Yes, but the biggest would have to be a bit illegal and probably trumps the amount of money spent on both items.
You probably guessed it, gambling! Yes, the World Cup brings tons of gambling. You don't have to be a mathematician to guess how much money is spent. Just ask your friends and family whether or not they lost or won money on the World Cup. You will have an idea of how much money goes through.
It's not pretty, but generally the market will tend to decline after the World Cup due to these gambling debts. People will be forced to sell their stocks and homes to meet obligations lost by betting during World Cup. Of course everything has to be taken with a grain of salt. Do you agree or disagree. let me know!
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