InvestSMART’s Evan Lucas says we are seeing “basically the biggest and longest bull market the world has ever seen” after domestic and foreign markets reach record high levels.
The ASX200 closed at a record high of 6929 points on Friday despite tensions in the Middle East.
“The argument that comes from a lot of people is that this rally is unsustainable, but this is basically the biggest and longest bull market the world, not just Australia, but the world has ever seen,” Mr Lucas told Sky News. “It’s been going since the GFC and it’s not slowing anytime soon." Image: AP
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Queen to headline Fire Fight Australia charity concert | Sky News AustraliaA stellar line-up of Australian and international music legends has been announced for Fire Fight Australia 2020 — a charity gig where all profits raised will go towards vital rescue, relief and rehabilitation from the bushfires. \n\nTickets for the February 16 event, hosted by comedian and multi-million dollar bushfire fundraiser Celeste Barber, go on sale at midday Monday.\n\nImage: Fire Fight Australia
Read more »
'The world is watching': Trump sends warning to Iranian leaders | Sky News AustraliaUS President Donald Trump has delivered a stern warning on Twitter to Iranian leaders as anti-government protests heat up across Iran. \n\n'To the leaders of Iran - do not kill your protesters. Thousands have already been killed or imprisoned by you, and the world is watching,' Mr Trump said. \n\n'More importantly, the USA is watching. \n\n“Turn your internet back on and let reporters roam free! Stop the killing of your great Iranian people!' \n\nMass anti-government demonstrations were sparked by the downing of a passenger plane near Tehran where all 176 people on board were killed.\n\nImage: AP
Read more »
NSW Health issues measles alert after seventh case since Christmas | Sky News AustraliaNSW Health is advising people to be on alert for measles symptoms after a Sydney man became the seventh person to contract the disease since Christmas.\n\nThe infected man visited several locations in Sydney's eastern suburbs and inner west this week.\n\nNSW Health is advising anyone born after 1965 to ensure they have received two doses of the measles vaccine. \n\nSymptoms include a fever, cough, runny nose, and sore eyes, followed by a red, spotty rash. \n\nImage: News Corp Australia
Read more »
Congress moves to restrict President Trump's war powers | Sky News AustraliaThe United States House of Representatives has passed a resolution to restrict the scope of war powers President Donald Trump has against Iran.\n\nThe vote passed the Democratic-held House on Thursday 224 votes to 194 with three Republicans crossing the floor to vote with the resolution.\n\nEight Democrats opposed it.\n\nDemocrats said they were worried about the conflict in Iran following the assassination of Qasem Soleimani last week, hoping the resolution would give Congress greater oversight over military action against Tehran.\n\nThough no legally binding, the measure dictates President Trump would have to stop any military action in or against Iran within 30 days if congressional approval is not secured.\n\nImage: AP
Read more »
Qld corruption watchdog criticises Palaszczuk govt's 'Trad laws' | Sky News AustraliaQueensland's corruption watchdog has criticised the Palaszczuk government's proposed 'Trad laws' which aim at cracking down on ministerial conflicts of interest.\n\nThe commission said the laws unintentionally water down conflict of interest requirements and was especially critical of the government's insistence ministers must have 'dishonest intent' in order to face criminal charges.\n\nTreasurer Jackie Trad faced widespread criticism after failing to declare her family's purchase of an investment property which was located near the proposed route of her signature Cross River Rail project.
Read more »