"Santa is not coming" to Wall Street, BofA technical research analyst Mary Ann Bartels flatly...

|By:, SA News Editor

"Santa is not coming" to Wall Street, BofA technical research analyst Mary Ann Bartels flatly declares. "A failure to move above and hold the 50-day moving average confirms to us that we have already begun to enter the phase of testing the October [S&P] lows near 1100-1074," Bartels says, although she expects a rally near Q2 2012.