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  1. Melting Up

    Officially, the period for a Santa Clause rally began today and lasts through the first two trading days of January. And right now we are ahead of schedule, given the rally started three days early.

    I Give Up!-santa-jpg

    Bearish? Or opportunity for out-sized gains?

    Part of the reason for the follow through today was attributed to an agreement in Congress to approve a two-month extension of the payroll tax cut and unemployment benefits.
    ...
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  2. Santa, Is That You?

    I believe it is, although you can still find disbelievers.

    Forum Icons-santa-clause-waving-jpg

    After seeing the market walk up to the brink of what was looking like a potential correction during the most favored time of the year for stocks, the market has roared back over the past three days. In that time, the S&P 500 has risen about 4%.

    We did get some domestic data early in the day. Third quarter GDP advanced a mere 1.8%, which is less than the 2.% growth ...
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  3. Oracle Disappoints

    The major averages were unable to follow through on yesterday's strong advance for a good part of the trading session as Oracle sent shock waves through the market following its first quarterly miss in 10 years.

    Please Try To Keep To The Topic-oracle-jpg

    As a result of the Oracle miss the entire tech sector set a pessimistic tone from the opening bell. The lows of the day came around 1230 EST and from there the market chopped its way higher to end the day mixed with the DOW advancing ...
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  4. Risk On

    Just like that the Grinch has been at least temporarily banished as stocks soared to their best single session gain in the month of December.

    Transfer 5/19 for 5/20/04-onoffswitch-gif

    The reason for the jubilation? Lower yields for Spanish debt and good sentiment surveys in Europe for starters.

    On the domestic front, November housing starts and building permits were up big to an annualized rate of 685,000 units and 681,000 permits respectively. Both number easily ...

    Updated 12-21-2011 at 02:47 AM by coolhand

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  5. Grinchmas Upon Us?

    The market continues to bob and weave (with a short term downward bias) and today's action continued that character as stocks opened up higher before eventually succumbing to significant selling pressure later in the afternoon.

    Do you have other retirement accounts?-images-jpg

    There wasn't much going on the market today, but news out of the EU continues to be negative. The fact that financials were the hardest hit sector today (down 2.3%) also doesn't help the bullish case. In fact, Bank ...
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