A couple of neat graphics from Commsec.
Here's a look at the ups and downs of the Australian share market through the year and some of the drivers of changes in sentiment:
I'm of the opinion that over the long run broad exposure to the industrials and financials indices is a better bet than the resources index.
For nearly an entire decade from the middle of 1998 to 2007 the stock markets seemed to be suggesting something different with the resources indices faring very well through the mining construction boom.
Not quite so clever since 2008 though, and 2014 revealed a stark contrast in fortunes for the respective indices...