Looking up down under

The Australian market has followed global markets down despite attractive company valuations and low interest rates. But Omniwealth remains optimistic about 2009 and expects investors to return in the summer

"Investors will come back to the market, but not in a big way over the next few months," says Sunshine Estivo, managing director at Omniwealth in Sydney. "The downturn has hurt many investors and even with company valuations looking good and interest rates coming down, the black cloud of the global economic crisis still lingers. Uncertainty is rife as daily events undermine investor confidence and no-one is sure how long it will take for markets to turn around. But if we have a run of good news