Investors who hope for a Santa Claus Rally in stock markets this year are still waiting. This is a typical annual occurrence when equities post modest, but reliable, gains in late December into the beginning of early January. But so far, Santa's cheer has eluded Wall Street - the Dow Jones Industrial has traded flat for most part of December. Investors should be mindful, however, that there has already been a rally, pre-Santa; one that's been in place earlier on this year - March to be exact. Since then, the Dow has risen from 6,500 to the current 10,500 level. Even investors who hopped on in July at 8,000 have had a good sleigh ride.The question remains: where will the blue-chip index head from here? Will Santa continue to scale higher or will this sleigh ride come to a slow, or perhaps sudden, end in 2010?
http://www.cnbc.com/id/34517443
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