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Record highs on stock markets make them vulnerable to big falls, analysts warn

Record highs on stock markets make them vulnerable to big falls, analysts warn

The Australian share market has made history, surpassing 9,000 index points — a boon to millions of workers’ super funds.

A strong company profit-reporting season, interest rate cuts and easing fears of global trade tensions have sent the market into record territory.

Working from her inner-city Sydney home, trader Danielle Ecuyer rarely takes her eyes off the share market, keenly watching the factors driving it.

“So you’re talking to somebody who used to be a stockbroker, which is a really bad sign, and it’s called flicking on your phone and looking to what’s happened to US markets overnight,” she said.

“And that’s because I’m a complete tragic.

“I used to do global emerging markets, so I’d check in every morning with what’s happened…

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