Another positive sign of a turnaround in sentiment is that there are more stocks making new highs for the year than stocks making new lows in the "Rolling Year Records" section of this morning's AFR. This is the first day since the bear market began in 2007 that I've noticed that.
Once upon a time I used that section to source potential trades but it stopped being useful when the "new highs" dwindled away to nothing. Looks like we're back in business.
