Mary Holm: Share prices soar — until they don't
5 Feb, 2021 04:00 PM
11 minutes to read
The markets could continue to climb for a while yet, but the growth never goes on forever. Photo / 123RF
OPINION:
Q: In your last column you said that since the Covid downturn, "share prices have grown strongly. And — just as with New Zealand property — nobody knows what will happen next, but further
huge long-term growth feels unlikely." What makes you say "unlikely"? I see no current-world reason at all that the stockmarket wouldn't continue its climb.
I read somewhere that since 1950, stockmarkets closed "at an all-time high" on one in 15 days. Just because we've been through a recent bull run doesn't mean it won't continue for a long time yet.