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Hello my Crazy Punteroonis,
As the old song 'Silver Bells' says: soon it will be Christmas Day.
Until then we can expect shares to rise. I find this nearly always happens in the last few days.
Why? Well the number of shares traded is often down, as the big dealers head for office parties or do last minute shopping. Fewer shares traded can lead to higher prices as smaller deals than normal encourage more volatile jumps up or down. And as it's a jolly time of year, these jumps can be northerly.
There also can be a collective will to make the Foosie reach new heights for the end of the year. This can lead to a rosier outlook for the New Year, which all traders secretly want. Nobody minds paying high prices for shares in a bull market, because if it continues, we can expect the values to go even higher.
It's also harder to sell at Christmas for psychological reasons. Much easier to buy because everyone wants to be positive. This is my own theory - but then again, something has to account for a bullish Footsie pre Christmas.
But mind you, whatever the trend, there are always some shares which will go against it, for reasons and news of their own. I always sell a few shares at Christmas for luck. One reason is that it is always better to sell when prices are high rather than low. And secondly I always fear that prices will tumble in later January. Just a feeling - no real proof.
Something that has real proof though is the rum - in the Punter's Return. Happy Christmas one and all - and let's not forget the real reason for it!
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