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How Has This Rally Been Different?
Posted By Barry Ritholtz On July 10, 2003 @ 9:49 pm In Finance | Comments Disabled
This morning’s comments (download file ) were completed before the new Jobless Claims came out; We plan on addressing that issue soon, perhaps as early as on Monday.
There are very specific factors worth noting that make this modern era economic recovery somewhat different than prior scenarios. We discussed this extensively in the “New Productivity Paradox.”
Also, here’s the updated & complete spreadsheet, comparing the present rally to the prior four: Download Excel file 
The final irony 
Quote of the Day: “It is not so difficult a task to plant new truths, as to root out old errors; for there is this paradox in men, they run after that which is new, but are prejudiced in favor of that which is old.”
-Charles Caleb Colton , 1780 – 1832.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/07/how-has-this-rally-been-different/
URLs in this post:
 download file: http://bigpicture.typepad.com/comments/July 10 2003/July 10.2003 Big Picture.doc
 Download Excel file: http://bigpicture.typepad.com/comments/rallycomp/Rally Comparison.xls
 Dissertation Could Be Security Threat: http://www.washingtonpost.com/wp-dyn/articles/A23689-2003Jul7.html?nav=hptop_tb
 BLAIR’S TOP SPIN DOCTOR FIGHTS THE BBC: http://news.bbc.co.uk/2/hi/uk_news/politics/3048356.stm
 Majority in US believes Bush ‘stretched truth’ about Iraq: poll: http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030702/wl_mideast_afp/us_iraq_opinion_030702080437
 The final irony: http://www.guardian.co.uk/weekend/story/0,3605,985375,00.html
 Charles Caleb Colton: http://www.quotationspage.com/quotes/Charles_Caleb_Colton/
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