XJO 0.23% 7,706.9 s&p/asx 200

Inflection points. Ranges. Are we continuing to be range bound?...

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    Inflection points. Ranges. Are we continuing to be range bound? Are we at the top of the channel? Is a breakout in the workings? Is exuberant optimism seeding? Will a sector rotation happen with the next drop? Will all boats rise with a new high tide? There have been examples post 1987 in the 90's, post 2007 until 2015ish, where there is a bounce from miserable lows, a modest recovery and then a conservative consolidation. The final breakout to the most optimistic highs is at neck-breaking levels and momentum. Its 2024, so I wonder if the 7000 point ceiling is getting long in the tooth? Market dares you. How are you feeling? Inflation erodes but it also inflates. We saw 7000 points 17 years ago peeps n sheeps. Divi revenues have been paid in those long stretches, a sure and a good thing, but meanwhile capital value conservatively osilates. At the same time, whilst holding through those post crash range-bound years the index investors forego opportunities in plain vanilla yielding investments like cash and bonds. The long-game and timing make a huge difference. Who jumped the 2015 ship too early, only to see the market march forwards in the face of pessimism, deflation, political crisis? So are we now set up for a well precedented run higher into April? The classic go-away-in-May. Come back in Southern Spring. Lock some profits in before Christmas to play the ATO game. Jump on Santas sleigh, etc.
 
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