The stock market is in dire need of help, even from Santa Claus. Investors are pinning their hope for a “Santa Claus” rally in the stock market trading before the year ends or else the economy would be in a deeper crisis, and comes nearer to depression. Analysts at Wall Street said the Standard & Poor’s index already dropped 39% this year, at the same level in 1937 and the second-worst drop in the history of S&P. A little more bad trading and the index could collapse to 46%, the same rate when depression hits the country in 1931.

That would really be bad. certainly, the economy cannot recover if such poor performance continues in the stock market trading. As such, stock market analysts are hoping for a rally, even just for one day as the year is closing now, to boost the stock market and prevent a record-low this year. Let’s cross our fingers then and by the way, the prices at the stock very low, it seems there is a holiday sale on stocks this year. try and grab some shares now while the prices are very low.

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Posted by Jones on December 11th, 2008 :: Filed under STOCK MARKET
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