Y2 Buy Stocks

If nothing happens at midnight 2000, the only people panicking will be those who sold short

Wall Street has more holiday traditions than the North Pole, starting with a Santa Claus rally each December, followed swiftly by the January effect, January barometer and, finally, Super Bowl indicator--all of which are supposed to say something about where stocks are headed. As you might guess, much of the Yuletide lore is pure eggnog. But there's no denying that this season can be magical. The stock market's best months, hands down, are November through January.

Since 1950, those three months have produced more market gains than the other nine months combined. And we're at it again. Since Oct. 31, the...

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