Market Dynamics Are Changing

It has been a topsy-turvy ride on the stock exchange, as this graph shows.  It also shows there is little point in being concerned about short-term movements.  Since the middle of 2014 movements have been in a fairly narrow band, hovering between about 47 000 and 54 000.  The moral of the story is one needs to invest for the medium to long term and not over react to short term market fluctuations.

Click on the graph to enlarge

Sourced from Investec Asset Management