sharemarket to recover shane oliver

Shane Oliver, AMP Capital’s chief economist, expects a 10 per cent return on super funds in the 2008-09 year despite some rough times in the next couple of months. The 10 per cent return will be made up of 6 per cent capital growth and 4 per cent yield, according to an optimistic Oliver.

“My best guess is a 10 per cent return as when the market bounces up, it comes up quite quickly,” says Oliver. “Historically the rise after any 20 per cent fall in the market is 30 per cent in the first 12 months. Once it comes through, it comes through with a whoosh.”



there. now you can all stop worrying and buy buy buy!