If we look at a graph of the average of all December’s vs. 2012 December, we see that Santa is having a hard time getting that sleigh off the ground. Perhaps all of you finance folks weren’t very good this year?
In most Decembers the rally would have started in earnest on Thursday or Friday of last week. If this December is to follow previous Decembers, we’ll need to start firming up and bouncing tomorrow.
The last data point was created with real-time $SPY data as of 11:30ish a.m.