All Ordinaries Sustaining >5000

[xice]

Hi Guys
From my very limited experience, since the all ords broke the 5000 barrier early June, and fell... and since they are now back above 5000, do you guys believe that it will now stay there?

Whilst i certainly hope so, i am inclined to say, yes, it will stay >5000.

 

[Sean K]

It could head back down towards 4800 if we get some bad economic news, or US inflation comes in very toppish and rates go back on the agenda. China needs to keep growing at around 9% as well.