Showing posts with label All Ords. Show all posts
Showing posts with label All Ords. Show all posts

Monday, January 20, 2014

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.


Friday, January 25, 2013

Is our market getting a bit toppy?

Close to previous (though not record) highs.  Overbought.  And results season coming up, which is likely to be a bit soggy.