Bull run may keep going

The head of quantitative research and investment at broking firm CommSec, Ron Bewley, has said that total growth of the sharemarket in the past four years is less than average and that the current bull run is still two years short of the average length. Mr Bewley also said “There has not been a single occasion in the last 124 years where gains made over a run of four positive years were completely eroded by a subsequent negative run.” Many analysts are tipping that the ASX 200 index will hit 7,000 some time in the next 12 months.

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