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I have written on many occasions how the ASX 200 has basically been moving sideways for years. Along the way of course the usual crowd excitedly cheer when the market rallies and then almost in an instant, reverse course when the markets fall and start talking gloomily about another financial crisis that might hit the markets soon.
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During the last few months I have not written anything about the Australian stock market since there didn't really seem to be much to write about. As I mentioned at the start of the year, I was not optimistic about the outlook for the S&P/ASX 200 (XJO) range of stocks and I haven't even bothered to make a prediction where the ASX 200 Index might finish in 2018.
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Earlier this year there was quite a bit of excitement amongst many market watchers as the S&P/ASX 200 had settled above 6000 after a rallying from just over 5,500 in October 2017. The mainstream news & finance media were as usual generating click-bait content that conveyed the impression that the market was in the midst of an almost unstoppable rally.
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