Yes, in 2004 we bulls had it right. And I'm expecting another good year coming up. But I think it's likely that 2005 will get off to a rocky start. I think we'll see a short, sharp pullback in stocks in the opening weeks of the year. That will be scary, but it will be temporary. By spring, stocks will have moved on to new highs.
There are lots of good reasons to expect a January pullback. Some are technical, and others are fundamental.
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Last
$63.41 |
Change
1.050(1.68%) |
Mkt cap ! $12.29B | |||
| Open | High | Low | Value | Volume |
| $62.99 | $63.47 | $62.92 | $27.43M | 433.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 734 | $63.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.41 | 1023 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |