Just wondering what people think about when will the S&P/ASX200 will break above the 6000 mark,as most not all are in the ex-dividend range and on too the next enterprise value dividend payment ...
Interesting you mention about the ASX200 breaking above the 6000 mark. If you believe in share price always follows earnings then I have got some good news for you. Read this article in Australian Financial Review today - The mining boom is back! If anything it's the banking sector that is holding the ASX/200 from advancing due to forecast of stagnant profit for next couple of years. But I think all in all we are not very far off crossing the elusive 6000 mark. Cheers, Oracle.
Yes that's the way it looks ,plus there will undoubtedly be serious court action early next year for some banks from what anyone can read ,as some of their promises failed to materialise ..imho..
Here are the predictions from experts for ASX200 for 2018. Will come back in Jan 2019 to see Cheers, Oracle.
Yes, businesses become more profitable over time due to increased productivity, inflation and growing population. As they become more profitable their share price rises which in turn causes the index to rise because the index value is calculated on market cap weighting of each of its constituents. Over the long term you can expect index to keep going higher and higher. If it doesn't that can mean a lot of trouble for the economy. Cheers, Oracle.
Granted. But also bear in mind that stock prices commonly show the highest they've been for a calendar year on the first trading day of that calendar year.
