This year’s “Santa Rally” is off to a rip-roaring start…but what does this mean for the market going forward? Is this a good thing or a sign of disaster?
The last week of the year just seems like a waste to me. If I were president of the world, I would give everybody the week after Christmas off to relax and reflect before the start of the new year.
However, there are some good things about this week that last-week-of-December-haters like myself should remember.
Most notable is the continuation of the annual “Santa Rally” that grip Wall Street every year, in which the markets trend upwards and people start dumping their losers and stocking up (no pun intended) on some winners.
Click here to see what history shows when Santa comes
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