That may, or may not come to pass. But the Australian market is clearly making its own momentum here for whatever reason. I would, therefore, lover to know what the market's Beta rating is to the DOW, etc. Overall, I think that it is <1. On the upside, it is probably closer to 0.5, and on the downside, above -1.0.
Simply some observations to suggest that the new round of irrational exuberance involves XAO and XJO in trying to out-guess European and USA moves both ahead of time, and in backfilling against osvernight movements.
