Rutgers Football's Stock Looking Bullish Heading into South Florida Matchup
Yesterday, Nov. 11, 2009, the Dow Jones Industrial Average market index closed at 10,291.26—the highest close in over 13 months.
In other words, the market hasn’t looked this good since it closed on Oct 3, 2008, over a year and a month ago, when the Dow stood at 10,325.38.
At one point, on Mar. 9th , the Dow closed at 6,547.05.
Well then, a lot has happened in a year, hasn’t it?
Even in the past couple of months, a lot has changed.
Take the start of the college football season for example, which kicked off for most teams on Saturday Sept. 5th, 2009.
The day before, Friday Sept. 4th, the Dow closed at 9,441.27.
Oklahoma was ranked No. 3 and had the defending Heisman Award winner and projected No. 1 pick in the 2010 NFL Draft at quarterback.
Cincinnati was unranked and had to replace 10 starters on defense, in addition to having a quarterback who was coming off of a very shaky, uninspiring Orange Bowl performance.
Let’s fast forward to yesterday, when the Dow closed at the 13-month high of 10,291.26.
The Oklahoma Sooners now sit unranked having lost four games, and their Heisman quarterback is watching on the sidelines in street clothes.
The Cincinnati Bearcats now stand undefeated, ranked No. 5 in the BCS standings, and are serious contenders to play for a National Championship.
Has a lot changed in the college football landscape since Sept. 5th?
You don’t have to run any derivatives or analysis to figure that one out.
“Bearish” is a term associated with downward price movement, such as with a stock or a market as a whole.
The term “bullish” is associated with the exact opposite; meaning prices are rising or moving upwards.
The economy has experienced both over the course of the past 13 months, almost an equal share of both in fact, but since the start of the college football season, “bullish” would be the best way to describe it.
Cincinnati’s stock since the first week has been rising consistently, after a big boost versus Rutgers. It shot up the rankings and hasn’t looked back.
Rutgers, picked by some as a favorite to win the Big East, was mauled by the Bearcats.
And in a rather appropriate and pun-friendly fashion, the Scarlet Knights’ stock went “bearish” and plummeted to the dregs of every college football analyst’s portfolio. (That is, if they didn’t just outright sell it.)
Sometimes when a stock falters and experiences a huge drop in price, it might be targeted as a “buy-low,” with the buyer hoping that the stock will bounce back, regain its value, and generate future profits.
Rutgers’ stock is turning out to be just that, as the Scarlet Knights have gone 6-1 in the seven games after facing the Bearcats.
Led by a true freshman quarterback, Rutgers is certainly a risky play.
But if Rutgers’ veteran offensive line and defensive unit continue to play as they have in the past seven games, with high risk may come high reward.
After a legitimate road victory at Maryland and only a seven point home loss to the BCS No. 12 ranked Pittsburgh Panthers, Rutgers' stock was quietly rising.
After upsetting the Connecticut Huskies on their home turf two Saturdays ago, the growth of Rutgers’ stock has picked up even more steam.
Now, Rutgers is being projected for certain bowl games, receiving votes in a number of college football polls, and creeping into conversations as a team on the rise.
With the recent influx of buyers, the Scarlet Knights’ stock is looking bullish for the first time since before Sept. 4th .
And in the period between Sept. 4th and Nov. 11th , just like the Dow, Rutgers’ value has never been higher.
With a victory against the South Florida Bulls on Thursday night, Nov. 12th , the former bearish Rutgers’ stock should expect a high volume of bullish activity in the weeks to come.
A lot is riding on this game for the Scarlet Knights and the Bulls are no pushover by any means.
But based on Rutgers’ recent activity in the college football market and given the atmosphere that will surely envelop Rutgers Stadium, any fan should invest in Rutgers with confidence.
I’m not one to hand out investment advice, but if you’re in the market to buy, this might be your last chance before Rutgers goes “Google” on you.
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