Alliance Investment and Retirement Services Pty Ltd

From the MD's Desk

Last year will go down as the worst calendar year for the Australian share market ever.  In the USA it was the second worst performance on record.  Like every other boom or bust, no one knows when the market will change direction, although many are quick to express their guess.  Unfortunately that is all it is, a guess.  However, gauging the direction over the longer term is a little easier to get right.