Replies to post #30078 on Coastal Capital Acquisition Corp (CCAJ)

[lady*b]

perhaps? Posted by: lady1242
In reply to: PalmBeachAJ who wrote msg# 111 Date:12/28/2005 1:00:29 AM
Post #of 129

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Santa Claus Rally
He's bearded, he's jolly and he's permanently associated with Coca-Cola - yep, that's Santa Claus. Santa's origins are a matter of speculation, but according to popular belief, he is derived from a Dutch mythical character based on the historical figure Saint Nicholas, who supposedly gave presents to the poor. The modern-day Santa spends his time spreading cheer and promoting world peace by delivering gifts all over the globe.

In the investing world, Santa brings investors a "gift" in the form of a jump in the price of stocks, known as the Santa Claus rally. This rally usually occurs between Christmas and New Year's day. There are many theories as to why this happens. Some people believe it is a result of year-end tax considerations, while others say it's because all the market pessimists are away on holidays or because people are buying stock in anticipation of the January effect. Those of us who believe in the magic of Christmas think the rally may be due to seasonal cheer infecting the usually dour inhabitants of Wall Street - a true Christmas miracle.