Market recap: The Santa Claus rally is alive and well, as a continued stream of mostly...

Market recap: The Santa Claus rally is alive and well, as a continued stream of mostly positive U.S. economic data (I, II) and the agreement to extend payroll tax cuts helped push stocks ahead to close at session highs. Of course, trading was light, Europe was quiet, and bond traders were in scarce supply, so it was hardly a directional day. NYSE advancing issues led decliners seven to six.
Comments (5)
  • Benjamin009
    , contributor
    Comments (22) | Send Message
    Well, its always great to know the market is in a "buying" mode. But isn't the Santa Rally happen after the Christmas holiday? Like towards the end of the year? Hmm...
    24 Dec 2011, 04:42 AM Reply Like
  • ParkerStorm
    , contributor
    Comments (754) | Send Message
    Thanks for this post. Yes the rally is alive and well. We live in the greatest country in the world and we all have the opportunity if we invest wisely to make a lot of money. For those that were invested for this Q4 it will be our best since 1997. Not bad, not bad at all. For those that decided still to stay in 100% cash and preach that same old, "The sky is falling" and / or "I will hold my cash for better times", you missed it. Am I a Bull, you bet you I am. Since 1987. Good times and bad times money can be made if you do your research, be patient, invest in solid companies that pay a solid dividend, reinvest that dividend, get some professional advice if needed, and most of all keep a positive attitude. A lot of people on TV and on this web site have stated to go 100% cash starting out for 2012 and wait for the tremendous downside they have predicted will happen. This is the same group that said sit it out for 2011.Trying to time the market is a fools game and seldom every works. I am a old time, long time investor and I always believed in good times and bad times that a healthy 60/40 split of balance between common shares, preferred shares, bonds, & ready cash for any pull back purchases works. In closing I just want to take this opportunity to thank the many good people that have contributed on this web site that has been of tremendous help to me. It has been a great ride this 2011 so let's do it again in 2012. Good Luck!
    24 Dec 2011, 08:47 AM Reply Like
  • nasdaqwoody
    , contributor
    Comments (173) | Send Message
    well said. I would say Good Luck in 2012 but it looks like you make your own luck so Merry Christmas!
    24 Dec 2011, 09:48 AM Reply Like
  • inspy
    , contributor
    Comments (13) | Send Message
    Love the upbeat attitude - hope you have a great holiday.
    24 Dec 2011, 05:15 PM Reply Like
  • thechaser
    , contributor
    Comments (736) | Send Message
    intervention trumps fundamentals and TA on TIMING for trading, not on STOCKPICKING for investing


    example; short CAT at the top say 105 (it peaked at 115); cover on intervention at 85, then buy the relative bottom of 75 (bottomed at 68) hold and sell on the kickup to 95 (went to 98) then buy again with a pushdown to 90 (went to 87) and sell again on the runup to 100 (it'll probably bump up to 103);


    then short because we will get a scheduled smashdown for late Feb/ early March, then a huge runup for the election


    traders time, investors wait, but i agree across the board values increase due to population growth
    25 Dec 2011, 09:46 AM Reply Like
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