Not believe in Santa Claus! You might as well not believe in fairies! - Francis Church
Some facts about Santa: Santa is the world’s richest man. He may not be in the gift giving business for the big bucks, but Santa still needs money to keep his operation rolling. Thankfully, Santa’s wealth surpasses even Scrooge McDuck’s.
Forbes once compiled a list of the world’s richest fictional people and St Nick topped it with a net worth of infinity. "North Pole’s tubby toy titan remains fiction’s richest character, despite ongoing strife with elfish labour force," said Forbes. "Elves bemoan low wages, lack of health-care coverage and the union-busting tactics of ‘Claws’. Factory operations also dogged by several documented instances of child-labour. Santa retorts that ‘immortal’ elves don’t need health insurance, and says child-workers were being punished for being ‘naughty’. Analysts expect impact on toy and candy production to be minimal."
Not believe in Santa Claus! You might as well not believe in the Santa Claus rally!
"There is no ‘Santa Claus rally’," says Mark Hulbert at MarketWatch. "Don’t tell that to Wall Street though, where talking heads already have started dangling the prospect of such a rally in front of clients. They’re just as shameless as the retailers who start Christmas sales earlier every year.
"While the stock market will likely rally between now and December 25 keep in mind that if the Santa Claus rally did have a strong statistical foundation, it would long ago have been discounted away by investors wanting to get a jump start on it.
"This leads to an ironic conclusion: to have any hope that the stock market will enjoy a Santa Claus rally, you must show that such a rally has not existed on average in past years. That’s a strange argument to be making."
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