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Veteran analyst gives the lowdown on the Santa Claus Rally

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On Dec. 24, 1948, the U.S. Air Force issued a startling communique. The armed forces branch charged with defending the nation's skies claimed that early-warning radar to the north had detected "one unidentified sleigh, powered by eight reindeer, at 14,000 feet (4,300 meters), heading 180…

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