“As we approach the end of the year, there is the old statistic about the well-known ‘Santa Claus’ rally and here it is: since 1969 the S&P 500 has gained an average of 1.6% on the last 5 trading days of the old year and the first 2 trading days of the new one…so let’s see what happens this time.” 

Click here to read the 12-21-11 Daily market notes from Don Selkin