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Saturday, 14 February 2015

7 year high

More good news for Australian household wealth as the ASX 200 (XJO) added 2.33 percent having threatened to add 2.6 percent earlier in the trade.

This came off the back of Governor Stevens' appearance at the House of Representatives Economics Committee where he confirmed that the Reserve Bank still feels that interest rate cuts are still worthwhile.

The All Ordinaries (XAO) added 2.239 percent.

Share markets are now at their highest levels in 7 years.

Sitting it out and waiting for a crash is a worthy objective - but perhaps not an effective one in a low interest rate era.