History repeats..

With markets showing year end rally, history repeats. As volumes are low (Fund managers are on vacation), small trades are pulling markets. This trend may show up for a day or two before a final call will be taken on markets.
Generally, from past trends, markets continue to rally or subdued until mid January and after which there are steep cuts (Remember Jan 21-22, 2008 cuts). Its probability in 2009 becomes high with the fact that by mid-Jan we will have corporate earnings coming out for Oct-Dec 2008 quarter which are expected to go down by about 15-20% at least.
So, play this rally to cleanupyour non performing stocks, even if that means loosing some money. It becomes a case, if your entire portfolio contains midcaps and small caps. So, clean them up and get into some good large cap stocks as they are first movers when markets stablise.
For today, I suspect, it will be another volatile session with markets going up during early trade.