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.
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.
Developed markets halved between late 2007 and March 2009, and have now rallied for five months. After the Nikkei halved in 1990, it also rebounded for five months and then spent 19 years halving again.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Revolut finally bags a UK banking licence – what next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published