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Are ASX 200 shares about to take off on another bull run? – Motley Fool Australia
Is another bull run in store for the ASX 200? Even if it is, this might not necessarily be good news for long-term investors.
TheS&P/ASX 200 Index (ASX: XJO) is having a pretty ho-hum kind of day. At the time of writing, it is essentially flat at 6,087 points.
We seem to have struck both a floor and a ceiling for investor sentiment. The ASX 200 has been playing jump rope with the 6,000 point threshold for nearly 2 months now – since it (for the first time since March) hit the psychologically-important milestone in early June. We still remain around 15% off of the pre-crash highs we were seeing back in February.
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