The share market may well have been moving sideways within a 4000 to 5000 band, since 2009.
Plus, the two-speed economy only seems to be benefiting the miners and those within the service industries. And unfortunately, increased savings levels are frustrating the retailers no end.
However, my view remains that Australians are now poised ready to come off the bottom of the "Emotional Cycle" — armed with a level of savings seldom seen in previous upturns. [Read more...]