ASX 200
Sydney Morning Herald
Monday March 15, 2010
The sharemarket posted its fifth straight week of gains, its longest winning stretch in more than six months after economic data that showed the economic recovery is gathering momentum, especially domestically. The ASX 200 rose 1.1 per cent for the week to finish at 4818.1.After such a strong rally in recent weeks, it would be healthy to see the market pull back and consolidate the gains. Despite various macroeconomic issues, which saw the market retreat last month, investors are now shrugging these off, dismissing their potential impact. This is an important change in underlying market psychology and bodes well for further gains.Tomorrow's release of the latest Reserve Bank monetary policy meeting minutes will be scrutinised for any signs of a change in view.
© 2010 Sydney Morning Herald