The Santa Train marks its 82nd running this year, bringing presents and joy to small towns along a 110-mile portion of the CSX rail line tucked into remote coal-country river valleys. Many of the ...
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ON BOARD THE SANTA TRAIN — Since 1943, the people of Appalachian Kentucky, Virginia, and Tennessee have looked forward to Santa’s arrival. Not in a sleigh on their rooftops, but on a train.
In fact, Yale Hirsch, founder of the Stock Trader's Almanac, previously discovered the stock market's tendency to climb in the final days of the year, and he called it the "Santa Claus rally." ...
Traders were hoping to wrap up the year in a nice bow, watching for the so-called Santa Claus rally or the tendency of the market to rise in the last five trading days of the year through the ...
The Santa Claus rally failed to materialize this year. Historically, the market's performance at the end of one year correlates with results the following year. There are also fundamental reasons ...
Santa Claus was a no-show on Wall Street for the second year in a row, but stock-market bulls may be able to take their lump of coal in stride if January gets the year off to a positive start.
"Santa came early and dropped a 25-bps rate cut in the market's stocking but accompanied it with a note saying that there would be coal next year," Zaccarelli said. Bill Adams, chief economist for ...