"Something's clearly wrong," veteran market watcher Marcus Padley said."You wouldn't imagine there's much wrong if you take the post-election euphoria about taxes and the housing market into account.
"It's highly likely investors are going to have to be a lot more discerning throughout the second half of this year," she said. Jobs are about the only thing keeping recession at bay, but with unemployment rising, so are the risks.
As market dynamics become generally understood, that very fact begins to change market dynamics.
This is dangerous hysteria. People invest in the share market for better returns when interest rates are low. Economics 101. auspol
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