Another record falls to surging market

The sharemarket charged ahead this week, closing on a record high with buying fuelled by strong commodities prices.
The benchmark ASX 200 jumped 39.7 points over the day to close at 4553.6, an 85.5-point increase for the week.
The All Ordinaries smashed through the 4500 barrier on Friday but closed just short of it at 4499.4, gaining 33 points over the day, and 66.7 over the week.
A 17-year high in the gold price, consistently strong oil prices and an updated forecast for further iron ore price rises all drove the indices to new highs.
Nomura Australia equity markets strategist Eric Betts said that although a high oil price upset consumers, it was good news for the sharemarket.
"They seem to be affecting consumer sentiment here but on the flip side, high oil prices are really a symptom of very high economic growth," he said. "This country, as a net energy exporter, is reaping a lot of income from strong energy prices so that helps the profits of Australian mining companies."

Rio Tinto reached a new high of $53.77, up $1.33 on Friday and $2.87 over the week, while BHP Billiton rose 29c to $20.99, an 80c gain on last week's close.
Good economic data from China and Japan's upward revision of GDP also contributed to local market gains, Mr Betts said.
Paul Xiradis from Ausbil Partners said market sentiment was improving in the building materials and retail sectors.
"We have seen people becoming a bit more comfortable towards retail spending and there are some indications we've seen the worst of consumer discretionary spending," he said.
Retailer Just Group, which announced better than expected results, rose 27c over the week to $2.41, down 3c on the day.
Mr Xiradis said the building materials sector appeared set to recover. Housing starts might have bottomed and some companies would benefit from rebuilding after Hurricane Katrina.
News Corp left the ASX 200 on Friday, to the benefit of other stocks. "BHP, banks and others in the top 20 stocks will probably be the beneficiaries of the final exit of News Corp," he said.
"The market has been pretty strong right around and the outlook is for more of the same," Mr Xiradis said. Things had quietened down after the reporting season but attention was likely to move towards banks, which report at the end of the month.
The US Federal Reserve decision on interest rates is likely to affect sentiment next week