Does the FTSE rally spell start of a new bull market?

In the past, each time the FTSE rallied for more than ten days, stocks have been in a bull market. But we mustn't forget the lesson of Japan.

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Good news for FTSE bulls, says the Financial Times's Neil Hume. According to stockmarket historian David Schwartz, there have been 23 occasions when the FTSE rose for at least ten successive days, and each time this occurred, stocks were in a bull market.

But there is also "the lesson of Japan", says Lex in the FT.

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