Matthew Kidman: As the lights go out on the West Australian economy and the latest rout on the local sharemarket shreds all remaining confidence in equities, the case for the Australian sharemarket is actually improving. All the major risks that were concerning aussie investors are unwinding... the mining boom is ending, the AUD is deflating, global interest rates are heading back to normal levels and equity valuations are backing off. The middle of 2013 will be volatile but a number of positives are emerging. Read more: (VIEW LINK)