Hold it! What just happened to the Australian sharemarket in the last quarter of the calendar year? As Eureka Report prepares its final edition of the year, it’s clear that investors can expect volatility in the year ahead. Why? Well, the last six full trading weeks on the ASX in 2013 was a rollercoaster ride, although it seems those who stayed on and didn’t sell off will be rewarded.
In the first two weeks of December, the All Ordinaries index endured a 4.6% slide, which was the worst rout we’ve seen in the local market since the dark days of 2008 when the market fell 6% over the same period.