Santa Claus Rally Arrives Just In Time

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!

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