As 2008 draws to a close, it is time for Christmas. It is time for Hanukkah. It is time for New Years. It is time for reflection. And it is time for planning. It’s time for a "Bull Market Christmas Tree."
This really is the Christmas Tree in the home of one of the 24/7 Wall St. partners. In the early part of December we decided to get a real Christmas tree rather than drag the old faithful fake-tree out of the attic. Low and behold after the decorating was done, my wife said, "Oh no, we have no angel for the tree." Suddenly I remembered a puppet which was given as a quasi-hoax and said, "Hang on! I have something better than an angel. I have something which every investor and every one of our readers needs for the next year. I have it."
So she had to go downstairs to await the surprise, I found the hand puppet, and then I put it atop the tree. The response was, "Well, it’s definitely not an angel. But if might help the 401(K) and help everyone out even in spirit then keep it there."
Low and behold, the market has at least stabilized or is at least less volatile. Investors are actually deciding which stocks and sectors they want to own in 2009. And all this while we all know the bad news is only going to get worse for a while. Who knows, the bear might not even rule the roost.
Merry Christmas! Happy Holidays!
–the 24/7 Wall St. team