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Getting a FTSE up in December – The Results

Late last year I wrote about FTSE behaviour come December. No, not playing under-the-table toe-tennis with the cutie from accounts at the work Christmas party, rather what the London Stock Exchange's biggie share index - the FTSE 100 - tends to do come the silly season. I looked at data from the past nine years and found that on each occasion the FTSE 100 finished December higher than it began. Some years marginally higher - 24.4 points up in 2007 - and some years quite substantially higher - 371.6 points in 2010. Here's the data again for those who missed it.   28th Nov...

Get a FTSE up in December

  A friend of mine recently asked if I went long on the FTSE for a month each December? I looked at him a little strangely thinking, what a silly question (and what's the story with that shirt). Why, with the markets ramping down for the holidays and many investors taking defensive positions before hitting the slopes, would I put my hard earned on an outcome that goes against all my prevailing investment logic (pardon the oxymoron). Sure, there's a case for Christmas spending buoying the retail and manufacturing sectors and I guess there's a merry optimism to the population come December...