>Australian shares delivered their worst year on record in 2008, posting a loss of 41 percent as slowing economies, volatile global markets and a credit crunch slashed the value of the nation’s biggest companies.
The S&P/ASX 200 index .AXJO has fallen by 2,671.5 points to end at 3,722.3. Back to levels not seen since earlier this decade. With a tough 2009 year ahead, the first part of the 21st century will go down as a terrible one for most long term investors.
One positive was that on the last trading day of the year, index gained 1.9 percent.
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