Ron Sloy, CFP of Sloy, Dahl & Holst, Inc. located in Portland, Oregon, announces a current analysis of market conditions. Stability in the financial markets has returned in November. In October it was mentioned that the market had bottomed out and it was a great time to buy. Since November, the Dow has risen around 2,500 points. We believe the markets will continue to raise in December and expect a Santa Claus rally which is when people purchase stocks in anticipation of the rise in stock prices during the month of January, often referred to as the January effect.
Ron Sloy is a certified financial planner bringing you up to date market recaps on a weekly basis.