Chart of the Week
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12/25/01 Merry Christmas!

 

Discussion:  "Does Santa Claus have a soft spot for Wall Street?... it would appear so. Since 1970, the DJIA has averaged a 4.3% gain from December 1st through January 31st. That would equate to ~430 points, based on this year's December 1st level in the Dow. Note that this year-end or Santa Claus Rally has been much stronger over the last 31 years (the average gain for the 70 years prior to 1970 was a measly 1.7%). And, of course, there's no guarantee that Christmas tidings will be cheerful.... but traditionally we are entering a seasonally strong period, and so far this season appears to be starting off on the right foot."

Analysis by James Stack, InvesTech Research.

Chart source: BearMarketCentral chart of the week

Key question:  What will I get for Christmas?