...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...