Santa Rally Rides Through Storm Clouds of Market Extremes
December 22, 2010 at 16:24 PM EST
Don’t fight the Santa. Markets are at sentiment extremes, at the highest levels since October 2007 just before the all-time top, and this has led the punditry to expect a reversal; but it rarely comes this time of year. The Santa Rally comes on the soft whispers of machines turned off, as professionals close the [...]