Will Santa Rally end on the plus side?
Posted: Fri Dec 30, 2011 11:34 pm
First, let's define the Santa Rally again, according to Stock Trader's Almanac, Santa Claus tends to come to Wall Street nearly every year, bringing a short, sweet, respectable rally within the last five days of the year and the first two in January.
Well, so far the Santa Rally is up from SPX 1254 to 1257.60, total 3.6 points around 0.29%. The average gains for Santa Rally from 1969 was 1.6%. My question is, since there're still 2 more days to go, will the Santa Rally eventually end on the plus side?
Well, so far the Santa Rally is up from SPX 1254 to 1257.60, total 3.6 points around 0.29%. The average gains for Santa Rally from 1969 was 1.6%. My question is, since there're still 2 more days to go, will the Santa Rally eventually end on the plus side?
