Santa Rally period, Day #3
Yesterday I reported that Santa took a nap on Day #2 this year and contributed just a dinky 0.08% to the (hopeful) 7-day Santa Rally in 2011.
Well, today (Day #3) Santa fell out of his sleigh! He fractured a 1.31% loss.
That leaves Days #1 thru Day #3 to a slight cumulative loss for the SP 500.
So...4 more days to go. Hopefully, at the end of the 7 days (2nd trading day in Jan.) you'll be singing : "Silver Bells" instead of "Grandma Got Run Over by a Reindeer." Stay tuned.
SP 500 ETF proxy: SPY
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Day 1, 12/23..: +0.89%
Day 2, 12/27..: +0.08%
Day 3, 12/28..: (-1.31%)
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