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12.26.2014 Santa Visits! Bookmark

The jolly old fat guy made it Wall Street, as he's sprinkled the gift of higher stock prices around the markets. As of today we're working on 6 days in a row of "up" and our futures indicate that we're going to shoot for 7. While 7 days in a row of "up" isn't a record by any means, it is on the leading edge of being "long in the tooth". A pull back would not be out of the ordinary.

The jolly old fat guy made it Wall Street, as he's sprinkled the gift of higher stock prices around the markets. As of today we're working on 6 days in a row of "up" and our futures indicate that we're going to shoot for 7. While 7 days in a row of "up" isn't a record by any means, it is on the leading edge of being "long in the tooth". A pull back would not be out of the ordinary.

Yet it would be a bit odd to see a pull back today. Europe is closed for Holiday, and that usually gives us a bit more "boost" because  folks under water in securities over there, don't have the ability to sell US stocks to make up for their losses. This is why the day after Christmas has the highest percentage chance of being positive than any other day of the year. Again, that doesn't mean we "can't" go red, it means we most probably won't.

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