It has been a textbook year. That is, if your textbook is the Stock Trader's Almanac. The old stock market chestnut "sell in May and go away" proved to be good advice this year. But that was not the only old adage of Wall Street traders that worked in 2011 — they all worked.
This has been the year of the stock market cliché in that all of the time-worn axioms based on the calendar actually were worth following this year:
If this "year of the market axiom" pattern continues, what comes next? Perhaps a "Santa Claus rally" is in store for December. Markets must still move past the uncertainty of November that includes key policy events:
What may be the trigger for the textbook year-end rise in the market known as a "Santa Claus rally"?
This textbook pattern of calendar-driven performance by the stock market may mean that the best year-end strategy is to invest by the book.
CNBC Data Pages:
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