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Are you banking on a Santa Claus rally for the S&P 500?

Christmas shopping spending
Mammamaart | Vetta | Getty Images

References to a stock market bubble have risen in recent weeks as the S&P 500 broke record after record, ending November with its longest winning streak since 2004.

Expectations that central bank stimulus programs such as the Federal Reserve's $85-billion-a-month asset-purchase program and super-low interest rates will continue into next year have largely underpinned gains.

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Just last week, uber bear Marc Faber told CNBC that he believes a "massive speculative bubble" has encroached on everything from stocks to bonds. He attributed the vast bubble to "symptoms of excess liquidity."

So, can the rally extend into Christmas? Tell us if you are expecting a Santa Claus rally for the S&P 500.

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