Over the past week, relatively good economic news (headlines, anyway) have some people discussing a recovery in 2010.
That got me thinking: If the market bottomed in March 09, how often does that anticipate an economic recovery ?
Ron Griess (of The Chart Store) had the answer. Typically, the markets bottom 3, 4 or 5 months in advance of the recession’s end. However, it has been as much as 7 months (1954) and in 2001, the market did not bottom until 12 months after the recession’s end.