Food for thought.
On Wall Street, Many Investors Seem to Believe in Santa Claus
http://www.cnbc.com/id/34500782
[excerpts]
‘November through January tends to be the best three-month span for stocks. Over the past four decades the average gain from Nov. 20 through the end of January has been 4.2 percent’
Has CNBC been looking at my ST blogs? I published this studyhttp://stocktock.ning.com/profiles/blogs/a-44year-time-study-of-the, with the results that OTM puts (>15%) will expire close to worthless if you buy them on Nov 1st and cash them in Jan 1st, in 97.72% of the cases since 1964.
The S&P has increased an average of 1.5 percent during the seven trading days that start with Christmas Eve and end with the first two days in January since 1950.
