Wednesday 19 December 2012

Knocking on the door of FTSE 6000

Well, it seems to be getting closer, I write this at 5975 and the FTSE100 is on the verge of touching 6000. A month or so ago this seemed about as likely as England winning a cricket Test Series in India, but life is full of surprises. Given the momentum behind the market right now it will probably be more of a surprise if it doesn't get to 6000 from here, the peak is now within touching distance. Looks like the Santa rally did arrive after all, although with just a few more trading days left for this year, there is still room, one way or another, for a Fiscal Cliff surprise.

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