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December 17, 2013 AT 11:39 AM
The markets are at a critical inflection point.Analyst John Kosar says that if the markets are able to maintain its current levels over the next couple of days, we can expect a "Santa Claus" rally – a run-up in stock prices by the end by New Year's Eve. However, if the markets fail between now and the end of the week, the market could fade deeply, threatening a fall to levels 8% below where they are today.