Business
Is the ASX 200 trading too high right now? – Motley Fool Australia
Is the S&P/ASX 200 Index (ASX: XJO) too high right now? We have just seen the ASX 200 rise 6.7% over the past month… too good to be true?
The S&P/ASX 200 Index(ASX: XJO) is having a fairly ho-hum kind of day today. At the time of writing, the ASX 200 is down 0.67% to 6,190 points, after going as high as 6,241 points earlier in the day. At these levels, the index is still pretty close to the post-March crash highs that we saw last week.
The ASX 200 is up 6.7% over the past month. Since 23 March, the ASX 200 is now up 36.67%.
But how justifiable are these levels? The coronavirus pandemic is unfortunately still with us (albeit …
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