In the stock market world, there's this thing called Santa Claus Rally. It is the rise of stock prices in the month of December. People are generally happy and have more money during this time of the year; thus people tend to invest more. It is also during this time when additional trades must be done for tax reasons.
The Philippine stock market is down 36 points today. It shouldn't be much of a worry, hopefully it is a healthy correction from the fast rise of the stock market last week. Let's see what happens tomorrow. My trades so far are producing fruits, thanks to the support group in the office who started way way before me. Currently holding MEG, MWC, UBP and AEV.
So will Santa Claus Rally start tomorrow? Nobody knows!
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| Image from financialpost.com |
So will Santa Claus Rally start tomorrow? Nobody knows!
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