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The Greatest Stock Market Rally in History
Written by Jay Turo on Sunday, September 13, 2009
Categories: Did you know that the current stock market rally, which has seen the S&P 500 rise over 54% from its low of 676 on March 9th, is the greatest in history? Lazlo Birinyi, founder of Birinyi Associates, notes that since March the S & P has risen 0.31%/day on average. This is three times faster than the previous fastest recovery in 1982, which averaged an increase of 0.12% per day. He calls it the "Usain Bolt of markets. We just blew through the records." Tracking the uptick in the market has been rising consumer and economic confidence. The Conference Board Consumer Confidence Index was up in August to its highest level since December 2007. And the Discover Business Watch Small Business Confidence measure jumped last month to its highest level since February 2008.
How to Take Advantage? The problem is, of course, first determining if you've missed the rally, and then how to translate this improving business sentiment into opportunity for you. For those of us that aren't Washington politicians or C-level executives of Fortune 500 companies, the best pathway to do so is via entrepreneurship and via involvement in private companies. But, and it is a very key but, you have to know what you're doing. As the famous saying goes, "A little knowledge is a dangerous thing." Quite simply, when it comes to investing in private companies you must "do it right or don't do it at all."
Best regards, and look forward to connecting. Follow me on Twitter P.S. There are 50% and more rallies every year in various private equity sectors. You just need to know where to look. And before you start looking, you need to know what to look for.
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