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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (225521)10/20/2009 9:01:18 AM
From: Giordano BrunoRead Replies (1) of 306849
 
The 60% Rally In Perspective

Our stock markets are now well into 60% rally territory. Which begs the question: how does this rally stack up with previous ones based on such arcane concepts as economic fundamentals. We present some of the key criteria of how previous 60% rallies have looked like when analyzed across 10 different key economic dimensions (which are completely irrelevant now). Data courtesy of Contrary Investor.

•Year over Year Retail Sales: 9.3% average in prior 60% rallies versus -5.3% in the current one
•Consumer Confidence: 95.5 average; 53.1 now
•Capacity Utilization: 79.9% average; 66.6% now
•Year over Year Industrial Production: 4.1% avereage; -10.7% now
•ISM: 53.9 average; 52.6 now
•Payroll employment gains over period: 2.2% average; -2.0% now
•Decline in continued unemployment claims from cycle peak: -26.3 average; -11.6% now
•Year over Year growth in total credit market debt: 9.3% average; 3.0% now
•Year over Year growth in household debt: 8.8% average; -0.1% now
•P/E Multiple: 16.8x average; 20.0x now

zero hedge
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