Is that light at the end of the tunnel or the headlights of an oncoming train?
2008 marked the worst calendar year performance for the Australian share market, surpassing the falls experienced in Great Depression. The Australian share market closed the year lower by some 40%. So the question is: where to from here?
Investors who buy stocks now are likely to be cheering in a few years, but they could rue the decision in the next few months.