"I believe the Australian market can continue on its upward path as the quest for sustainable yield remains the driving force. And what a force it has been. While the Australian headline indices -- the All Ordinaries and the S&P/ASX 200 -- are still comfortably below their November 2007 peaks, the accumulation indices, which acknowledge dividends, are at record levels."
This is a quote from Peter Warne, head of equities research at Morningstar this morning.