Thursday, December 29, 2005
Santa leaves coal in my portfolio
Down about $700 today. Looks like there won't be a Santa Clause rally this year. I guess people are still scared by how poorly stocks performed last January and have chosen to stay on the sidelines. I'm still above 600K. It will be a pity if I can't hold that level tomorrow, the last trading day of the year.
# posted by Stockcoach @ 11:59 PM 
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Yep, market doing things early this year. Santa Claus rally moved up to November, and January sell-off moved up to December. Since overall markets were still up on the year, expect more sell-off in January. Then, with growth slowing, housing market stalling, and interest rates rising, 2006 doesn't look that great.
# posted by 
: 5:59 AM, December 30, 2005
: 5:59 AM, December 30, 2005
have to agree, market does not look good for 2006, housing market is on a decline and will not see growth like it has in the last 5 years. People have been borrowing against their houses these past 5 years, thats what has kept some of this economy Interest rates i think will top off between 4.75-5%, anything higher and the markets could certainly be down on the year.
Bob
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Bob
# posted by : 10:33 AM, December 30, 2005
: 10:33 AM, December 30, 2005 << Home
