Markets: Winter of disconnect

Share prices are continuing to rise in the face of increasingly poor signs emitting from Australia's economic indicators.

On the train to Bondi Junction after yesterday’s S&P/ASX200 Index’s 1 per cent gain, a fund manager lamented what he sees as the disconnect between the reality of the stock market and the economy. The index is trading at levels last seen in May, closing yesterday at 5165.365. It is up 11 per cent since June 25. 

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