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.
Porsche 911s have appeared in rally competition since the beginning of their production, but rally 911s haven't been a common sight since the 1980s. Thankfully R-GT fixed that, allowing the 996 and 997 GT3 to be homologated for rally. UK dealer Tuthill Porsche campaigns a 997 GT3 Cup in the World Rally Championship and its's exactly as great as you think it is.
On 5 August 2006, McRae competed for Subaru in the first live televised American rally in Los Angeles as part of the X-Games. McRae rolled the car on the penultimate corner after landing awkwardly from a jump, which damaged the front bumper and left front tyre. Despite this, McRae kept the car running and continued on to the finish, his time only 0.13 seconds slower than eventual winner Travis Pastrana. McRae was, though, to have one more opportunity at world championship level: he was unexpectedly entered for his final rally by semi-works Kronos Citroën at Rally Turkey in September, where he replaced Sébastien Loeb while the Frenchman recovered from an injury he sustained in a cycling accident immediately prior to the event.[19] A final-stage alternator problem consigned him and returning co-driver Nicky Grist, to a final placing outside the top ten.
His first WRC event was the 1987 Swedish Rally behind the wheel of his Nova, and again two years later, driving the Sierra and finishing 15th overall. Later that year, he finished 5th overall at Rally New Zealand in a rear wheel drive Sierra Cosworth. By 1990 McRae was driving a Sierra Cosworth 4x4 and achieved sixth place in that year's RAC Rally, despite several accidents. 1991 saw McRae turn professional as he was signed by Prodrive boss David Richards to his Subaru team in the British Rally Championship for an annual wage of approximately £10,000.[9] McRae was British Rally Champion in both 1991 and 1992, soon graduating to the Subaru factory team at World Rally Championship level.[10] 1992 also saw Colin McRae make his début in the British Touring Car Championship, with a one-off appearance for the Prodrive-run BMW factory team at the Knockhill round. In the second of the two races of the event, McRae collided with Matt Neal. Race officials found McRae to have caused an avoidable collision and subsequently disqualified him.[11]
The ultimate Grey Poupon car, except sideways on dirt. Funded by Christian Dior and his Jules fragrance, the Corniche rally car competed in the fearsome Paris-Dakar. In truth, there's very little Rolls-Royce to the Corniche rally car: it's a tubular chassis fitted with a four-wheel-drive system from a Toyota Land Cruiser and a small-block Chevy V-8. But, it looks like a Rolls, and that's what counts.
In the wake of the ever more advanced rally cars of the 21st century is a trend towards historic rallying (also known as classic rallying), in which older cars compete under older rules.[64][65] This is a popular sport and even attracts some previous drivers back into the sport. Many who enter, however, have started their competition careers in historic rallying.
As public interest grew, car companies started to introduce special models or variants for rallying, such as the British Motor Corporation's highly successful Mini Cooper, introduced in 1962, and its successor the Mini Cooper S (1963), developed by the Cooper Car Company. Shortly after, Ford of Britain first hired Lotus to create a high-performance version of their Cortina family car, then in 1968 launched the Escort Twin Cam, one of the most successful rally cars of its era.[61] Similarly, Abarth developed high performance versions of Fiats 124 roadster and 131 saloon.
Other rallies provide organizer-created "route notes" also referred to as "stage notes" and disallow reconnaissance and use of other pacenotes. These notes are usually created using a predetermined pacenote format, from which a co-driver can optionally add comments or transpose into other pacenote notations. Many North American rallies do not conduct reconnaissance but provide stage notes through the use of the Jemba Inertia Notes System, due to time and budget constraints.[63]
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.

His first WRC event was the 1987 Swedish Rally behind the wheel of his Nova, and again two years later, driving the Sierra and finishing 15th overall. Later that year, he finished 5th overall at Rally New Zealand in a rear wheel drive Sierra Cosworth. By 1990 McRae was driving a Sierra Cosworth 4x4 and achieved sixth place in that year's RAC Rally, despite several accidents. 1991 saw McRae turn professional as he was signed by Prodrive boss David Richards to his Subaru team in the British Rally Championship for an annual wage of approximately £10,000.[9] McRae was British Rally Champion in both 1991 and 1992, soon graduating to the Subaru factory team at World Rally Championship level.[10] 1992 also saw Colin McRae make his début in the British Touring Car Championship, with a one-off appearance for the Prodrive-run BMW factory team at the Knockhill round. In the second of the two races of the event, McRae collided with Matt Neal. Race officials found McRae to have caused an avoidable collision and subsequently disqualified him.[11]

In Germany, the Herkomer Trophy was first held in 1905, and again in 1906. This challenging five-day event attracted over 100 entrants to tackle its 1,000 km (620 mi) road section, a hillclimb and a speed trial, but sadly it was marred by poor organisation and confusing regulations.[20] One participant had been Prince Henry of Austria, who was inspired to do better, so he enlisted the aid of the Imperial Automobile Club of Germany to create the first Prinz Heinrich Fahrt (Prince Henry Trial) in 1908. Another trial was held in 1910. These were very successful, attracting top drivers and works cars from major teams – several manufacturers added "Prince Henry" models to their ranges.[21] The first Alpine Trial was held in 1909, in Austria; by 1914, this was the toughest event of its kind, producing a star performance from Britain's James Radley in his Rolls-Royce Alpine Eagle.[22]


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.
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