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Fear fades, greed rules: Lessons from a dramatic quarter

It might be 12 months since our last bear market, but the extraordinary drama seen in the March quarter is more reminiscent of what happens late in a cycle.

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It will be a long time before we match the first three months of 2020 for drama, but 2021 has given it a mighty big shake.

Are markets in the early stages of a new bull market or the late stages of the old one? David Rowe

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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