IF SANTA CLAUS SHOULD FAIL TO CALL BEARS MAY COME TO BROAD & WALL

An interesting paragraph from Stock Trader’s Almanac 2010


Santa Claus tends to come to Wall Street nearly every year, bringing short, sweet, respectable rally within the last five days of the year and the first two in January. This has been good for an average 1.5% gain since 1969 (1.5% since 1950). Santa’s failure to show tends to precede bear markets, or times stocks could be purchased later in the year at much lower prices. We discovered this phenomenon in 1972.