2009 Rally vs. 1982 Bull Market
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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