Jan 30, 2013
The market is up 10. 55 stocks in the All Ords hit 52 week highs yesterday including all the major banks, Telstra, WES, WOW and MYR. The market is up 22.7% from the low on June 4. The recent strength is seen as a reflection of the weight of money finally coming out of bonds and into equities with the comment that it is not being matched by a rise in earnings which means equities are simply becoming more expensive.