JSE still flexing its muscles
But R153 in reverse
WE TAKE A very long-term look at the JSE all-share index’s chart and give an interesting (and perhaps surprising) target for it. Long-term investors will want to take note of this. In the short term, we look at the chart of the R153 government bond, which points to a short-term reversal to come. Long-term investors needn’t worry though, because the JSE all-share index is pointing to far higher prices in the coming years. Meanwhile, short-term players will be able to profit by selling short bonds, which should place the JSE under some short-term pressure.
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