Can The Jse Head Upwards Forever? (spoiler – It Can’t) |

Now, look at the three-year chart. Finally, heres the five-year chart. As you can see, with the exception of 2011, when the JSE was basically flat, its been up, up and away since 2009, the year of the Great Recession. And that strikes me as a little worrying. You see, Im not convinced that South Africas economic fundamentals have improved to the tune of 166% in that period. In fact, in a lot of ways, the economy is looking worse now than it did back in 2009, even as stock prices have almost tripled.
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