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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject12/26/2000 9:33:13 AM
From: Sharck  Read Replies (2) of 37746
 
From HSM:
Santa Claus used to come to Wall Street nearly every year, bringing a short, sweet, respectable rally within the last five days of the year (four prior to 1969) and the first two in January. This was good for an average 1.6% gain. In the 38 years prior to 1990, the period was down seven times and eked out sub-par gains (0.8% or less) six times.
But in the last nine years of a giant bull market, in only four did Santa bring juicy rallies. Scrooge came in his place on the other five occasions.
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