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.
“Ask anyone to name a rally driver and the first name that comes to mind is invariably Colin McRae,” said Silverstone’s Adam Rutter. “He was always a favourite among rally fans but his incredible success also made him a household name.” The auction house expects this very Focus to sell for between £120,000 and £140,000, or about $170-200k when the gavel drops on February 23.
In the past, most rally courses were not allowed to be scanned prior to the race, and the co-drivers used only maps supplied by the organization. The exact route of the rally often remained secret until race day. Modern rallies have mostly converted to using organizer-supplied notes or allowing full reconnaissance, as opposed to racing the stages blindly. This change has been brought on in large part due to competitor demand.
McRae, made his debut on the gruelling Dakar Rally Raid with Nissan in January 2004, and impressed the team by scoring two stage wins on his way to a memorable finish on the gruelling Sahara event. He returned to the Dakar in 2005 and was fastest on two of the first three stages in Morocco, before crashing out of the rally towards the end of stage six.
Pacenotes are a unique and major tool in modern rallying. Television spectators will occasionally notice the voice of a co-driver in mid-race reading the pacenotes over the car's internal intercom. These pacenotes provide a detailed description of the course and allow the driver to predict conditions ahead and prepare for various course conditions such as turns and jumps.
A "Celebration of Life" service took place at St Nicholas Church in Lanark on Sunday 30 September at 4 pm. Images from McRae's career and personal life were displayed on large video screens outside the church. Around 700 mourners filled the church, with crowds of up to 15,000 outside. Shortly before 4 pm, Martin Hewins, McRae's personal bagpiper for many years, played "Flower of Scotland" as the family arrived at the church. The service was conducted by the Rev Alison Meikle, who said "Two weeks ago Lanark was struck by silence. A terrible silence bought at an enormous price. However, in our tears love is stronger than death." Later, the Kenny Rogers and Dolly Parton song "Islands in the Stream", a favourite of Johnny's, was played. Friends of the pair shared poems and anecdotes from the McRaes' lives. After the service, Colin McRae's widow, brother and father bowed and applauded the crowds who had gathered outside to pay tribute to the McRaes.
The causes of rallies vary. Short-term rallies can result from news stories or events that create a short-term imbalance in supply and demand. Sizeable buying activity in a particular stock or sector by a large fund, or an introduction of a new product by a popular brand, can have a similar effect that results in a short-term rally. For example, almost every time Apple Inc. has launched a new iPhone, its stock has enjoyed a rally over the following months.
With victory in the Safari Rally in 2002, McRae made the record books as the driver with most event wins in the World Rally Championship. His record has since been broken by Carlos Sainz, Sébastien Loeb and Marcus Grönholm. McRae's contract with Ford came to an end following the 2002 season, and after reportedly asking for wages of five million pounds a year, Ford decided against renewing the contract, reluctant to commit such a high amount of their budget to a driver's salary. The two parties split on amicable terms, with Ford's European director of motorsport Martin Whitaker stating "On behalf of all of us at Ford Motor Company I would like to publicly thank Colin and Nicky for their efforts during the past four years with the Ford team. I wish them both well in the future." McRae said of his time with Ford "It's been a very successful four years, we've achieved a lot of very good results and I'm quite happy that myself and Ford have had a very successful partnership."
Driving rules and regulations in the real world sadly prevent us from racing everywhere at breakneck speeds and performing hell-raising stunts and turns. Only professional rally and racing drivers can play out their wildest fantasy’s and satiate their lust for speed on the track or rally course. We watch them with envy as they dangerously accelerate around corners, fly over road bumps and career through all kinds of terrain in their finely tuned rally cars. From the tantalizing dessert races in Dakar, to the high-adrenaline rally championships, there is something inherently cool and exciting about this sport.
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?]
Although there had been exceptions like the outlandish Ford V8 specials created by the Romanians for the 1936 Monte Carlo Rally, rallies before World War II had tended to be for standard or near-standard production cars, a rule supported by manufacturers because it created a relatively even playing field. After the war, most competing cars were production saloons or sports cars, with only minor modifications to improve performance, handling, braking and suspension. This kept costs down and allowed many more people to afford the sport using ordinary family cars, so entry lists grew into the hundreds.
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 Eli Liechty and senior left-hander Tommy Kennedy each had two assists for Newport Harbor, which rallied from a 3-1 deficit early in the second quarter. — Matt Szabo, latimes.com, "Newport Harbor boys’ water polo wins Summer Elite Eight tournament," 13 July 2019 The Rockets had a 3-2 lead over Golden State in the 2018 Western Conference finals when Paul injured a hamstring, and the Warriors rallied to win that series in seven games on the way to the NBA title. — Tim Reynolds, baltimoresun.com, "Thunder trade Russell Westbrook to Rockets for Chris Paul, picks in another NBA blockbuster," 12 July 2019 JaCorey Williams and Phil Booth each had 18 points as the Cavs rallied from a six-point deficit starting the fourth quarter to tie the game at 93 after regulation. — cleveland.com, "Cleveland Cavaliers end Vegas Summer League with 98-96 OT win over Kings," 12 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 The Rockets had a 3-2 lead over the Warriors in the 2018 Western Conference finals when Paul injured a hamstring, and the Warriors rallied to win in seven games on the way to the NBA title. — Tim Reynolds, chicagotribune.com, "Russell Westbrook will reunite with James Harden on the Rockets after the Thunder trade the former MVP for Chris Paul and picks," 11 July 2019 The Rockets had a 3-2 lead over Golden State in the 2018 Western Conference finals when Paul injured a hamstring, and the Warriors rallied to win that series in seven games on the way to the NBA title. — Washington Post, "AP source: Russell Westbrook going to Rockets for Chris Paul," 11 July 2019 Strycova found herself in even more dire circumstances Monday, behind by a set and 5-2 before rallying against Elise Mertens. — Ravi Ubha, CNN, "Serena Williams all 'business' ahead of Wimbledon semifinals," 10 July 2019
1968 brought the first of a series of British-organised intercontinental rallies, the Daily Express London-Sydney Marathon, which attracted over 100 crews including a number of works teams and top drivers; it was won by the Hillman Hunter of Andrew Cowan/Brian Coyle/Colin Malkin. Not to be outdone, the rival Daily Mirror sponsored in 1970 the London-Mexico World Cup Rally, linking the stadia of two successive football World Cups, on a route that crossed Europe to Bulgaria and back before shipping out from Lisbon to Rio de Janeiro, after looping around South America, and a run through some of the most frightening sections of Peru's road race, the Caminos del Inca, they wrap it up being shipped to Panama and a final run up Central America. The Ford Escort of Hannu Mikkola and Gunnar Palm won. These were followed in 1974 by the London-Sahara-Munich World Cup Rally, and in 1977 by the Singapore Airlines London-Sydney Rally.