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S&P 500
5,308.15
(
1.17%
)
US TECH 100
18,116.00
(
0.00%
)
Dow Jones
39,908.00
(
0.88%
)
Brent Oil
82.78
(
0.15%
)
Bitcoin
66,195.94
(
-0.10%
)
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Re: Stock post# 46

Monday, 01/05/2009 4:51:46 PM

Monday, January 05, 2009 4:51:46 PM

Post# of 83
...Over the years we have documented the bullish tendency for the market to rally over this short yearend/New Year period. When it fails to materialize it is usually a sign of trouble ahead for the market. This inspired Yale Hirsch to coin the phrase that if "Santa Claus Should Fail To Call, Bears May Come to Broad & Wall..."

...In 2007-2008 SCR was down -2.5% and we had the fifth worst Bear Market on record...

I noticed that Hirsch has a blog now.

http://stocktradersblog.blogspot.com/

So, the Santa Claus Rally is not a bearish omen -- in fact, it's a bullish precursor in "normal" years.

May we have a normal year!

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