2009 Rally vs. 1982 Bull Market
Source: http://www.investmentpostcards.com/2009/11/19/2009-rally-vs-1982-bull-market/Posted on Thursday, November 19th, 2009 | In Investing Lessons, Market Commentary
Contributed by: Prieur du Plessis (http://www.investmentpostcards.com) -
The very useful comparison of the current US stock market rally with that of 1982 is provided in the table below, courtesy of Barry Ritholtz, writer of The Big Picture blog.
It is when looking at the characteristics of a typical market bottom that one has difficulty seeing that the March ‘09 lows were in fact a primary bull market turning point. “Maybe this time it really is different, I guess we’re going to find out,” said Richard Russell (Dow Theory Letters).
Source: Barry Ritholtz, The Big Picture, November 18, 2009.
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 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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