Will the Fiscal Cliff Keep Santa Away from Wall Street?
A “Santa Claus Rally” is known as a rise in stock prices during December, typically seen over the final week of trading before the new year. With the milk and cookies long gone and the gifts unwrapped, many investors are anxiously waiting for Santa to visit Wall Street on his return to the North Pole. However, the fiscal cliff may deliver Mr. Market a lump of coal this year. Heading into the final weekend before Christmas, stocks declined across the board. The Dow Jones Industrial Average and the S&P 500 both logged their biggest one-day loss in over a month as the political actions taking place in Washington D.C. landed on the ... (full story)
- Posted: Dec 26, 2012 3:31pm
- Submitted by:Category: Fundamental AnalysisViews: 847Comments: 0