November 28, 2011
Black Friday sales reports showed a considerable gain over the weekend. Naturally investors are hoping that Santa Claus will make for a very Merry Christmas and Happy New Year with a big end of year rally. So before you start listening to all the news stories that will come out around this time, let's see if there is any truth behind it.
The failure of a Santa Claus rally though might just appear to precede a new bear market.WE RECOMMEND THE VIDEO: How to Earn $801+ Per Day Trading Binary Options on NADEX
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Here Are The Facts.
Overall, December ranks as the 3rd BEST performing month for the stock market behind June and July. Regardless of how the market preforms as we head into December this week, I don't think it will be enough to create anything more than a flat year for stocks. As of the close last week, stocks were down 0.47% on the year.
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Do You Believe In Santa Claus?
You may not believe in Santa Claus (sorry if I've spoiled the hoax) but what about a Santa Claus rally? Are you more bullish or bearish heading into the month of December after a seemingly very good Black Friday sales report?