Rising investor confidence also indicates a rally, and it is perhaps more powerful than any economic indicator because when investors believe something is going to happen (a rally, for example), they tend to take action (purchasing shares in order to profit from expected price increases) that actually turn expectations into reality. Although it is an objective concept, investor sentiment shows through in mathematical measurements such as the put/call ratio, the advance/decline line, IPO activity, and the amount of outstanding margin debt.
In 1986, driving a Talbot Sunbeam, McRae entered the Scottish Rally Championship and soon made a name for himself with his speed and exciting style of driving. His driving style drew many comparisons to Finnish ex-World Rally Champion Ari Vatanen, whom McRae had always idolised. In 1988 he performed a giant-killing act when he took the Scottish Rally Championship series crown in a humble Vauxhall Nova. Craving more power, his next car was a Ford Sierra XR 4x4.
Continuing his emergence after being converted from last season's two-way contract to a standard NBA deal for next season, Robinson converted four 3-pointers in nearly rallying the Heat from an early 14-point deficit. — Ira Winderman, sun-sentinel.com, "Heat fall in summer finale in OT despite 26 from Robinson, as draft picks sit," 14 July 2019 About the same time, Rockdale High School won a state football championship, its first since 1976, rallying from a 21-0 deficit in the title game. — Mark Dent, WIRED, "The Hard-Luck Texas Town That Bet on Bitcoin—and Lost," 11 July 2019 Militias that had previously fought each other have rallied against Mr Haftar. — The Economist, "A warlord’s offensive against Tripoli is flagging," 4 July 2019 Two news stories in the last week or so should alarm us in rallying ways. — Kathryn Jean Lopez, National Review, "Whether the Issue Is Abortion or Immigration, There Must Be a Better Way," 1 July 2019 Frankie Montas pitched eight innings of one-run ball for the A's, who rallied for their fourth straight win and seventh in eight games after Tampa Bay took a 4-1 lead with three in the top of the ninth. — Gideon Rubin, orlandosentinel.com, "Rays surrender 9th-inning lead, lose 5-4 at Oakland," 21 June 2019 The social network’s shares, however, have rallied even more. — John Detrixhe, Quartz, "What does Facebook’s crypto coin mean for Visa and Mastercard?," 18 June 2019 His incarceration became a test of solidarity among Russian journalists, who rallied to his defense. — Billy Perrigo, Time, "‘He Had Powerful Enemies.’ Russian Journalist Ivan Golunov Has Been Released, But Media in Russia Still Can't Work Freely," 12 June 2019 One band above where Binnington’s name would be engraved sits the 2013–14 Kings, who rallied back from being down 3–0 and won three Game 7’s on opposing ice en route to the Cup. — Dan Falkenheim, SI.com, "Blues Survive Bruins' Late Flurry to Take Game 5, Series Lead," 6 June 2019
Initially, most of the major postwar rallies were fairly gentlemanly, but the organisers of the French Alpine and the Liège (which moved its turning point from Rome into Yugoslavia in 1956) straight away set difficult time schedules: the Automobile Club de Marseille et Provence laid on a long tough route over a succession of rugged passes, stated that cars would have to be driven flat out from start to finish, and gave a coveted Coupe des Alpes ("Alpine Cup") to anyone achieving an unpenalised run; while Belgium's Royal Motor Union made clear no car was expected to finish the Liège unpenalised – when one did (1951 winner Johnny Claes in a Jaguar XK120) they tightened the timing to make sure it never happened again. These two events became the ones for "the men" to do. The Monte, because of its glamour, got the media coverage and the biggest entries (and in snowy years was also a genuine challenge); while the Acropolis took advantage of Greece's appalling roads to become a truly tough event. In 1956 came Corsica's Tour de Corse, 24 hours of virtually non-stop flat out driving on some of the narrowest and twistiest mountain roads on the planet – the first major rally to be won by a woman, Belgium's Gilberte Thirion, in a Renault Dauphine.[unreliable source?]
Most of the works drivers of the 1950s were amateurs, paid little or nothing, reimbursed their expenses and given bonuses for winning (although there were certainly exceptions, such as the Grand Prix drivers who were brought in for some events). Then in 1960 came arguably the first rallying superstar (and one of the first to be paid to rally full-time), Sweden's Erik Carlsson, driving for Saab.
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Colin McRae began his competitive career in motorsport riding trial bikes at an early age, despite being more interested in four wheeled machines rather than two wheel bikes. At the age of sixteen, through the Coltness Car Club, McRae discovered autotesting, he soon traded his bike for a Mini Cooper and started competing. A year later, he began to negotiate with another club member to use his Hillman Avenger for the Kames Stages, a single-staged rally venue not far from McRae's home. McRae finished the event fourteenth; first in his class although he had run most of the event in a higher position.
McRae rejoined Prodrive for the 2004 24 Hours of Le Mans where he took third place in the GTS class, and ninth position overall in a Ferrari 550-GTS Maranello partnering Darren Turner and Rickard Rydell. Fellow countryman, and Le Mans winner Allan McNish commented that "Colin has adapted far better than people expected" to endurance sportscar racing.
The causes and characteristics of rallies vary, but most financial theorists agree that economic cycles and investor sentiment both play a role in the creation and momentum of rallies. In general, information about a strong or strengthening economy, indicated by high employment, high disposable income, low inflation and high business profits usually ushers in a rally. The existence of several new trading highs for well-known companies also indicates a rally is occurring. It is important to note that government involvement affects rallies: Changing the federal funds rate or tax rates indirectly encourages economic expansion or contraction.