No – I think the index is headed for a correction, bringing it down closer to 6,000. Currently we have 2008 valuations without 2008 levels of economic prosperity – so the valuations don’t make sense.
BUTTERFIELD PRIVATE BANK
I don’t think so. Sometimes forecasting market movements is complete guesswork, but it seems to me that such a surge would justify some sort of natural correction. Markets tend to follow ups with downs.
I hope so – I’ve been following the recent highs with some interest. But really it’s pretty debatable whether the FTSE 100 is that good as a general barometer of health in the UK economy overall.