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  • Are equities getting long in the tooth?

    In This Issue:

    Are equities getting long in the tooth?
    The pros and cons of owning gold
    Bulk dry shipments and rail traffic trending lower but...
    Economic charts show improvement... that is except employment
    Carry trade update
    Chinese stocks still weak
    Market overview
    Interesting Stories...

    Last month, we discussed the importance of the Santa Claus rally in the last five trading days of the year and first two of the New Year. Although the last five days of 2009 were negative for the S&P500, the rally was saved thanks to strong performance in the first two trading days of 2010 helping the index post a net gain of 1.4% over the seven-day period. As we mentioned, a positive Santa rally bodes well for a positive close in 2010.

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  • Trading places - Gold and the dollar make the switch

    In This Issue:
    Trading places - Gold and the dollar make the switch
    Carry trades in trouble?
    Baltic Dry Index showing weakness
    Global Stock Markets Challenged

    This month's newsletter will be shorter than usual as it is a time of the year that many traders take holidays and volumes are lower than usual.

    However, there is one annual event worth mentioning. It's coming on Christmas and the much hoped for Santa Claus rally is due - one that has been good for an average 1.4% gain during the period of the last five days of the year and first two of the New Year since 1969 according to the Stock Trader's Almanac. But if it fails to appear, watch out. History has not been kind to stocks in the years following a Santa Claus rally miss.

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