Will Santa Visit Stock Investors in January?
by James Flanagan
by
James Flanagan
Bullish investors would likely have rather received a lump of coal in their stockings, given the prevailing lofty level of energy prices, than the uncharacteristically lackluster performance delivered them by the stock market in the waning days of 2005. What made the sour ending so unusual was its defiance of the well-documented normal tendency for stocks to rise in December, particularly near the end of the month. December has historically been the strongest month for stocks, posting a gain over 70 of the time, and the traditional “Santa Claus Rally” has swept the S
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