When will the FTSE hit 6000?

EarthRod

I don't think so.

Maybe what you're searching for is "when will the FT index go above and stay above 6000".

johntheexpat

nuff said

johntheexpat

That will be a bounce to behold!


Well, greece* is dragging it down, if Portugal defaults, I'll place my money on 600 rather than 6000.

It was less than 2 months since I started this thread, and look at it.  5465 and heading south, rather than me wondering when it would power through 6000.    I daren't look at the values of my pensions


*the lower case is deliberate.  Its a sign of my contempt for them at the moment!  A small protest, probably not effective in any way, but I'm making it none-the-less

johntheexpat

Ready to place your bets yet?  Only another 2.56% to go and it will be there.  

domtheone

Seems that there is pretty strong resistance around 5900. Lost count the amount of times it falls from there.  

Obviously the FTSE will only break through if the US markets say it's ok lol.

I'll take a stab at a post xmas rally and say 29th Dec.

On the one hand, UK equities are cheap so some upside is possible.  On the other hand, the DOW is almost at all time highs already.  The Euro debacle is set to run till the middle of the decade and the whole world seems to be lurching from one crisis to another.  

I am drip feeding into a few shares though for the long term.  Where else can you get 5-7% yield after tax..

johntheexpat

Currently 5932, so only 68 to go.  Thats just over 1%.  Ooooh, its exciting.

Not.

Maybe again?

We may have a winner soon!  

domtheone

Watching it edge up every day, i get a feeling it's just waiting for the next bombshell to send it down 200 pts again.

Don't know what the trading volumes are like at the mo (probably light) but it appears that buyers are light on the ground at this level.

Traders dream.  Buy at 5700' wait a month and sell at 5900.  Repeat and repeat and repeat

Where else can you get 6% yield   capital (hopefully) growth though.  Not in saving, isa's and certainly not in houses!  Not this decade anyway.

icstm

did you do it?

domtheone

Did who do what?

domtheone

Well the markets are down and only have a few hours left today and 4 hours on Monday.

Safe to say now that 6K will not be reached in 2012.

Maybe we should start predicting the FTSE at 31st Dec 2013.  

Though i'm not optimistic at all for 2013, the fact that you can't get any decent returns anywhere else at the moment, i'm cautiously optimistic that the markets might do ok next year.  Here's to 7K this time next year.