THE share market is poised to smash through the 5000-point barrier as economists scramble to revise their year-end estimates to as high as 6000 points.
Most analysts predicted a year-end figure of 5000, but a 150-point jump since the new year on the back of stronger commodity and gold prices has seen both indices almost eclipse that estimate.
The S&P/ASX 200 Index closed at 4919.28 points on Friday, while the All Ordinaries Index is also within striking distance at 4867.3.
Another bumper trade this week could see both indices get a sniff of 5000 points, especially with the bourse expected to jump out of the gates this morning after a 100-point rise on Wall Street overnight Friday.
The recent sharp ascent, mirrored on European, Asian and US markets, has prompted analysts such as AMP Capital Investors chief economist Shane Oliver to ponder how high the market will go this year.
While a figure of 5200 points was his conservative tip for a year-end All Ordinaries tally, Dr Oliver said a "blow-off phase" with an overvalued market at 6000 points was not out of the question.