R.C. Market Report 12.12

• Monday's Forecast: Optimistic

• Today: After passing of auto bailout plan failed, futures market was down as much as 360pts at one point. The market took the hit, but other than the expected gap down at open, it fought back nicely all day long.

• Monday: A couple of weeks ago, I read an article on cnbc where an analysts said that if we were to have a santa claus rally this year, it'd start around dec. 15(monday). I think the chances of us rallying from here is good. This week brought in some bad news but the market held up. It was a terrible time for traders but I think next week will be different. So heading into the weekend, I'm optimistic that things will be better for the market and for us traders.