Now at 6000, so where to next?

Founder and Publisher of the Switzer Report
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It’s great that we’ve finally cracked the 6000-mark on the S&P/ASX 200 Index and I have to say that I was copping a little bit of heat from some of my ‘fans’ and even my colleagues, with some arguing I should let the 6000-number go.

It made sense, public relations wise, to do a Basil Fawlty and not mention the “war,” I mean, the 6000-number but I just couldn’t let it go.

The overall Aussie story and the history of stocks told me that 6000 had to happen and that 6,800 is likely to be next. As I pointed out on Saturday, Credit Suisse equity strategist Hasan Tevfik, told the SMH that "while Aussie equities are due for a pause in the short-term, we think there is more bull to come and we're targeting an index level of 6500 by end 2018."

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