Santa Claus Rally What Does It Mean? What Does Santa Claus Rally Mean? A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week. Many consider the Santa Claus rally to be a result of people buying stocks in anticipation of the rise in stock prices during the month of January, otherwise known as the January effect. http://www.investopedia.com/terms/s/santaclauseffect.asp
hehe, so far so good. === Stocks rise on upbeat jobs, factory order reports Stocks rise on drop in jobless claims, rise in factory orders; major indexes hit 2009 highs By Stephen Bernard, AP Business Writer , On Thursday December 24, 2009, 11:26 am http://finance.yahoo.com/news/Stock...8.html?x=0&sec=topStories&pos=3&asset=&ccode= NEW YORK (AP) -- Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover. Major indexes all touched new 2009 highs in morning trading.