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

published 31 July 2009

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.