The All Ordinaries Index longer term

When you're in the middle of a soggy market it's easy to forget the longer term performance.

Once again, on a log scale, so a percentage move at 2000 is the same distance on the chart as a percentage move at 5000, even though the number of "points" is not the same.  Also, as per usual,  click to get a bigger chart.

In 2007, the market went "too far" above its longer term trend, and therefore had to fall "too far" in 2008/2009

Yet the long term trend is clearly up.