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Santa
and the Market
Brian
Trumbore
President/Editor, StocksandNews.com
There is only one official definition
of a Santa Claus rally, that being when stocks move
up the last five trading days of December along with
the first two in January. ["Stock Trader's Almanac"]
But over the years the term has been blurred and now
includes the entire month of December. So let's take
a look at both for the past six years, in good and
bad equity markets overall.
S&P
500 [Month end closing prices?last 5 / first 2]
11/28/97?955.40
12/31/97?970.43?.+1.6%.....+33.4% for the full year
12/23/97?939.13*
1/5/98??977.07?.+4.0%
11/30/98?1163.63
12/31/98?1229.23?+5.6%....+28.6%
12/23/98?1228.54
1/5/99??1244.78?+1.3%
11/30/99?1388.91
12/31/99?1469.25?+5.8%.....+21.0%
12/23/99?1458.34
1/4/00??1399.42?-4.0%
11/30/00?1314.95
12/29/00?1320.28?+0.4%......-9.1%
12/21/00?1274.86
1/3/01??1347.56?+5.7%
11/30/01?1139.45
12/31/01?1148.08?+0.8%.....-11.9%
12/21/01?1144.89
1/3/02??1165.27?+1.8%
11/29/02?.936.31
12/31/02?.879.82?.-6.0%......-22.1%
12/23/02?.897.38
1/3/03??.908.59?.+1.2%
11/28/03?1058.20
12/31/03??..?.....
*This
date denotes the closing price prior to the last five
trading days in December, while the January date is
the closing price for the second trading day of this
month.
---
Wall
Street History returns December 12.
Brian
Trumbore
BUYandHOLD
does not offer or provide any investment advice or
opinion regarding the nature, potential, value, suitability
or profitability of any particular security, portfolio
of securities, transaction or investment strategy.
Any investment decisions you make will be based solely
on your evaluation of your financial circumstances,
investment objectives, risk tolerance, and liquidity
needs. The securities mentioned above are being used
for illustrative purposes only and should not be regarded
as an offer to sell or as a solicitation of an offer
to buy and past performance is no guarantee of future
results.
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