Santa Claus Rally Arrives Just In Time

December 21, 2007 at 1:46 pm  ·  Category: Market Commentary

Strong earnings (subscription required) from Research In Motion (RIMM) after the close yesterday and news that Merrill Lynch (MER) is in discussions with Singapore for a $5 billion investment (subscription required) provided the excuse today for the much anticipated Santa Claus Rally: Dow +202, S&P +22 (S&P 1 Day Chart), Nasdaq +42.

Markets have a half day on Monday and are closed for Christmas on Tuesday.  Have a good holiday everybody!

Posted by Greg Feirman  ·  Trackback URL  ·  Link