ASX will finish below 4000 points or even the lowest in 2011 as we are not expecting any major news announced these 2 weeks apart from uncertainties due to
1) EU debt crisis 2) North Korea uncertainty 3) Mining tax 4) Worsening retail condition (in fact, it is worst than the GFC !) 5) Worsening PMI figure in China 6) and more importantly, the DOW index is too high for the country with nearly 9% unemployment with huge debt..
I have never seen stock kept falling between Mid Dec and new year...Bought some stock last week and will not buy anymore until 2012..
