Please click the link below to view Shane Oliver's views on the current state of share markets.

Key points are:

• Concerns about US shares being overvalued are overdone.
• The conditions are still not in place for a major top in share markets, valuations are reasonable, the global economy is on the mend, monetary conditions are easy and investor exuberence is still modest.
• As such, while there is the risk of a correction in shares, the broad trend is likely to remain up.