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
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
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
RICS: Housing market continues to strengthen but 2025 could be challenging
The latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
By Ruth Emery Published
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrency
According to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
By Chris Newlands Published