Too Early for Santa, Too Late to Buy By Harry Schiller About this article: There were plenty of reasons to buy into last Monday's (Dec. 1) meltdown. But now? Now it's tougher to make the bullish case for the short term. Yes, we are already hearing all the misguided talk about the fabled Santa Claus Rally, as many analysts mistakenly talk about the Santa Claus Rally already being under way or coming early, or other screwy notions. Fact is, the Santa Claus Rally is about a specific time frame, and it doesn't mean just any rally in December. It specifically refers to the last five trading sessions of the year and continues through the first two sessions of the new year. As such, it cannot begin till around Christmas at the earliest. A rally that takes place now till Dec. 20 may be a good rally, but it ain't Santa. In fact, between now and then, during mid-December, there is evidence... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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