InvestorsHub Logo
Followers 213
Posts 73537
Boards Moderated 0
Alias Born 03/01/2004

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.

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!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.