SCOREBOARD: Surplus negativity

Wall Street's sharp drop to end last week should lead the local stock market lower, and MYEFO's due out too.

Friday night saw the biggest drop in US stocks since June, spooky because it was the 25th anniversary of Black Monday. We’re getting into a messy period. All the fundamentals suggest the rally should continue, but the problem is the news flow – not to forget the fiscal cliff overlay. Tough times.

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