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Thursday, 26 February 2015

FTSE 100 and the 7000 barrier?

At only about 50 points to go, the FTSE 100 could well  go through the 7000 barrier in the coming days. This of course, assumes no sudden shocks. These are entirely possible and the share index could drop hundreds in a matter of days. In a way it is surprising it is doing as well as it is with a General Election now only a few months away and all the uncertainty over Greece and the euro.  It is almost as if  "the herd" is willing it higher.

I am no financial expert, but I can see the index crossing the 7000 barrier and then dropping back considerably later in the year. But who expected oil prices to drop so dramatically?

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