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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (8947)	1/1/2006 9:38:15 AM
From: bearshark	Read Replies (1) \| Respond to of 12411

I was listening to the yield curve spiel all last week. I respect it because the potential is obvious. Whenever short term rates rise to a level where they are higher than long term rates, it is clear there is pressure on financing an economy. However, on another subject we have the last 2 days of the Santa rally this week. In Santa's first 5 days, the S&P was down 1.5% according to those who keep tabs of it. Since the 1950s--according to the watchers--the Santa 7-day rally gained 1.5% on the S&P. If we respect Santa, then we should get a 3% or a 46 point rise in the S&P (or about 420 INDU points) during the first 2 days of trading this week. Between the yield curve and Santa, I believe we either will be up, be down, or be sideways. I feel confident about that. We'll see in 48 hours at Tuesday's open.