A 2008 study by two Israeli scientists – Guy Kaplanski and Haim Levy proved this.

Two researchers believe that the thrill and pressure of watching the World Cup makes investors more risk-averse.

`For many people, the World Cup is a time of stress and anxiety. Not only for the fans, but the market as well,` Dario Perkins – economist at Lombard Street Research said on CNBC.

Many World Cups coincide with major economic shocks around the world.

The first World Cup was held in 1930 – the beginning of the Great Depression (1929 – 1933).

`The above coincidences got me thinking. What could happen this year? Based on the old scenario, we should go from bubbles,` said Perkins.

Abenomics – Prime Minister Shinzo Abe’s economic policy group aimed at revitalizing Japan – is one of the potential bubbles.

Analysts warn that Japanese consumption could decline after the tax hike in early April. `As the economy slows due to tax increases, and the central bank is unwilling to increase stimulus again, the effectiveness of

The US economic slowdown is also another market risk.

Finally, there is the risk from China.