Comments on: How Does the ’09 Rally Stack Up Against ’82 Bull Market?

By: Surveillance reveals Quadnetic : Interactive Investor Blog

Surveillance reveals Quadnetic : Interactive Investor Blog — Mon, 23 Nov 2009 10:32:24 +0000

[...] Sometimes the plain facts tell the story. Barry Ritholz compares the 2009 rally with the 1982 bull market. [...]

By: Stones Cry Out - If they keep silent… » Things Heard: e94v5

Stones Cry Out - If they keep silent… » Things Heard: e94v5 — Fri, 20 Nov 2009 13:39:33 +0000

[...] Ouch. [...]

By: patfla

patfla — Thu, 19 Nov 2009 18:48:04 +0000

1982 – Plaza Accord bull market? Um, the Plaza Accord was in 1985. Well after the recession ended I would assume.

By: Goldeneye Morning Paddle – 11/19/2009 « Goldeneye Asset Management

Goldeneye Morning Paddle – 11/19/2009 « Goldeneye Asset Management — Thu, 19 Nov 2009 15:02:54 +0000

[...] Barry Ritzholtz compares the 1982 bull market with the 2009 rally. [...]

By: Ron Broberg

Ron Broberg — Thu, 19 Nov 2009 06:52:18 +0000

Deficits: Peaking and coming down relative to GDP

I guess that is one to describe “reaching modern highs”
Of course, Obama is blowing the doors of Reagan’s deficits,
but they were the highest of the modern era,
just like his 23% of GDP federal budget used to be the modern high.

1977 -2.7
1978 -2.7
1979 -1.6
1980 -2.7
1981 -2.6
1982 -4.0
1983 -6.0
1984 -4.8
1985 -5.1
1986 -5.0
1987 -3.2
1988 -3.1

Since I first laid eyes on it,
this is my iconic view of the Reagan Era:
http://www.brillig.com/debt_clock/inflation.gif

By: NewsFlashr Business Blog Editor’s Picks for Nov 17 | TheTradingReport

NewsFlashr Business Blog Editor’s Picks for Nov 17 | TheTradingReport — Thu, 19 Nov 2009 04:13:27 +0000

[...] From Barry Ritholtz of the Big Picture: “How Does the 2009 Rally Stack Up with the 1982 Rally?” [...]

By: philipat

philipat — Thu, 19 Nov 2009 02:28:05 +0000

Wall Streets latest con (Aided and abetted by CNBC) is to use OPERATING earnings to calculate P/E’s. Rosie correctly uses AS REPORTED earnings, which is earnings after all the B/S. Who cares what operating earnings are if they get wiped out by “One time” charges etc. The correct definition of P/E uses the as reported earnings.

If one can believe anything from Wall St. (Which is highly questionnable) earnings projections, based on the accuracy of same over the last 2 years, would not be one of them. Part of the euphoria at present is that we are exceeding earnings projections which were lowered from the same projections coming into 2009 by more than 35%. Not reliable would be too generous a remark.

By: bsneath

bsneath — Thu, 19 Nov 2009 01:33:27 +0000

MBA: Purchase Applications Fall to 12 Year Low

I was surprised that this did not have a greater impact, but then as they say, markets can behave irrationally longer than investors can have money… (or something to that effect)

By: bsneath

bsneath — Thu, 19 Nov 2009 01:30:17 +0000

Harry, you can add this to your list. “One million Workers to Exhaust Unemployment Benefits in January”

Just waiting for a catalyst. That is all. It might come early with a bad economic number or it might take until after the holidays. But I believe it will come.

By: unc nunkie

unc nunkie — Thu, 19 Nov 2009 00:43:44 +0000

Quit bothering me with facts. My, don’t the Emporer’s new clothes look FINE?