(OT) Dec Mkt Results re 2007 Stk Traders' Almanac
From page 106:
#2 S&P and Dow month average gain 1.7% since 1950 (see page 44)
#3 NASDAQ 2.0% since 1971
2002 worst Dec since 1931Dow & S&P: Dow & S&P down over 6% and NASDAQ down 9.7%
(see pages 152, 155 & 157)
"Free Lunch" served on Wall Street at month end (see page 110)
Small caps start to outperform larger caps near middle of month (see pages 104 & 108)
"Santa Claus Rally" visible in graph on page 106 and on page 112
In 1998, was part of best fourth quarter since 1928 (see page 167)
Only two down Decembers last 14 Pre-Election Years (see page 130*)
*Presidential election/Stock mkt cycle : The 173-year saga continues
Page 130 includes a table and these comments:
..."It is no mere coincidence that the last two years (pre-election year and election year) of the 44 administrations since 1833 produced a total net mkt gain of 745.9%, drawfing the 227.0 gain of the first two y;ears of these administrations.
Presidential elections every four years have a profound impact on the economy and the stk mkt.. Wars, recessions, and bear mkts tend to start or occur in the first half of the term; prosperous times and bull mkts, in the latter half.
After nine straight annual Dow gains during the millennial bull, the 4-year election cycle appears to be back on track.
2001-2005 have been textbook examples.
A traditional Mid-term bear mkt bottom in 2006 and a banner Pre-election 2007 would not surprise us."...
