Coming Week: Visions of Santa
Very few creatures will be stirring on Wall Street in the coming week, but a handful of economic releases and hopes of a Santa Claus rally will garner some attention.
"There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally," says Larry Wachtel, market strategist for Wachovia Securities.
The so-called Santa Claus rally is a jump in the price of stocks that often occurs in the week between Christmas and New Year's. There are numerous explanations for this phenomenon, including bonus dollars being put to work, overall cheerfulness around Wall Street, and a general lack of sellers. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,283.62 | 1,091.76 | 2,168.55 | 33.88 |
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3.39%
SPDR Gold
111.69
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-0.12%
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