Jim Walker, founder and MD of Asianomics has expressed his views on year 2011 which he considers as a terrible year for the global markets. His free and frank opinion on this particular year is as appended below:
The main thing that you would put it down is relief that 2011 has finished. It was an awful year for everybody in the markets. The bulls had a good time in the first half of the year, bears took over in August-September and then the bulls ruled in October and again the bears took over in November. There was volatility and people were just relieved to see the back of the year. But has anything fundamentally changed? Apart from some slightly better news in the US over the course of November-December, everything is pretty much in the same boat. I really don't know whether the people are taking on board how deep the recession will be in Europe.
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