The ASX200 continued to tickle ever so slightly higher this week, rising 0.1%. That’s five consecutive weeks of gains since October 30. As I mentioned last week, the market is now fully priced, not to a panic selling extent, but with the overall market PE of around 21 times, care needs to be taken.

The ASX200 cracks 7100 (but slips back under) closing up 0.8% for the week, BHP $50 again, Iron ore US$200, and the DOW a new record. The tech’s here are taking it in the neck a bit but good movement by our REITs and banks.