ANALYSIS: Investors have turned on some companies and rewarded others in a volatile reporting season which has also seen new records for key ASX indices.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Simon Shepherd.
Markets run on the number crunching of performance metrics but they also run on fear, greed, hope, and magical thinking; and, in the current market, it appears that some of these less-rational traits are in the driving seat.
The Australian sharemarket has hit a series of record highs, and yet there