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It has been a rather rapid rise, but I think it's also in proportion to the steep decline and push too far down late last year and earlier this year. ie. XAO at 3200 was being priced for armageddon, that didn't occur so with the downturn as it eventuated perhaps it should never have really gone...

I reckon market will probably rise on back of Wall St gains last night. Debatable about whether a rates rise would effect the market overly negatively. It's another sign that the worst is behind us (albeit market has already factored that in) and things are heading back to normal. Oops, just...