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The JSE (0.74%) reaching another record high is almost expected, with the local market gaining 2.23% this week alone.
The local equity market closed marginally (-0.03%) in the red yesterday (12 July) with financial and mid cap stocks doing their best to push the JSE to a new record high, but resources, the heavyweights, had other ideas.
The JSE (1.11%) seems as invincible as Lance Armstrong in the Tour de France, with another record high, the third for this week.
With the JSE trading on a P/E of about 14.5 times, many astute investors are questioning the sustainability of the bull market globally and in South Africa.
As an adviser reading this article, which discipline do you find most important for retirement planning?