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Is Tiger the New Hemline for Stocks?
CNBC.com | April 05, 2012 | 01:15 PM EDT

Note that his best result of 2011 was a fourth-place finish at last year’s Masters. That capped a small run of good fortune for Tiger, in which he finished in the top 10 in two of three tournaments, followed by the S&P’s best two months in almost two years.

By August, Tiger was back in the soup, missing the cut in the PGA Championship on a day when the S&P had dived again to 1,178.81. After a positive blip at the end of October, the index stumbled again before beginning its sustained rise to last Friday’s 1,408.47. Tiger similarly spent the rest of 2011 winning — taking first place in two unofficial tournaments, the Presidents’ Cup and the Chevron World Challenge. In his last three tournament finishes, he’s done no worse than tied for second.

It is estimated that Tiger’s marital episode cost him some $22 million in sponsorships in 2009 alone, as AT&T and Accenture, among others, abandoned him in the wake of his well-publicized flight from his Florida home after an apparent disagreement with his wife.

Though he remains America's top-earning athlete , Tiger’s golf winnings naturally collapsed during his dry spell as well, quailing to $1,294,765 from $10,867,052 from his peak in 2007, an 88 percent drop. The S&P 500 has lost only 53 percent from its historic high — also in 2007. Is it mere chance that the two enjoyed their peaks in the same year?

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