in November, its first fall in five months.
For the financial year to date, the market
has still risen by 10.8%. For the calendar
year to date it is up by 14.4%. The US share
market rose by 2.8% in the month, bringing
its year-to-date change to 26.6%. Taking into
account the fall in the Australian dollar ($A)
so far this year, Australians invested in the
US share market have experienced a gain of
more than 44% so far this year!
and the prospect of the beginning of tapering
of quantitative easing. During the month
it became more likely that Janet Yellen will
be appointed chair of the Fed, to replace
Ben Bernanke. This increases the likelihood
that US monetary policy will continue to
be accommodative for as long as necessary,
which can't be bad for markets.
productivity in years to come. But, as
Economist of BT
Financial Group.