Santa Claus rally.. tukang downgrade sahamnya melejit.. ayo bagi2 cuan dong di ISX tanggal 26 :)
==== Stocks Rise on Merrill Asset Sale Monday December 24, 10:26 am ET By Joe Bel Bruno, AP Business Writer Stocks Gain After Merrill Receives $6.2 Billion Investment; Traders Hope for Santa Claus Rally NEW YORK (AP) -- Wall Street advanced Monday, boosted by news that Merrill Lynch & Co. will receive an investment of up to $6.2 billion from two investment groups. Trading volume was light in Monday's abbreviated session -- a pro forma occurrence a day ahead of Christmas when most stock markets around the world are closed. Still, with only five trading days remaining in 2007, investors will perhaps be looking for any opportunity to tidy up their positions after a year that that brought the return of volatility after several years of unusual calm. Merrill Lynch provided the only significant news of the day. The investment firm said it was receiving a widely expected cash infusion from Singapore's government-controlled investment fund, Temasek Holdings, and U.S.-based Davis Selected Advisers. The proceeds were expected to cushion Merrill's mortgage-related writedowns for the fourth quarter. The nation's largest brokerage also said it would sell most of its commercial finance unit to GE Capital. Terms of the deal weren't made public. "The market is tacking on strong gains from Friday, a last-minute Santa Claus rally," said Peter Cardillo, chief market economist at New York-based brokerage house Avalon Partners. "The Merrill Lynch investment adds to stability in the market. I look at it as a vote of confidence on the part of foreign investors." Monday's gains have some investors hoping for a so-called Santa Claus rally -- a year-end surge that often extends into the new year and can burnish portfolios. On Friday, the Dow Jones industrial average rose more than 200 points and, along with the other major indexes, posted a gain of more than 1.5 percent for the session.
