Guess at 2008

Amused at the annual: “how will the FTSE-100 end the year” guessing game. It makes good newspaper copy but is of little use to anyone else. The FTSE-100 is not a good benchmark with its over-reliance on banking and resources.

Amongst the dozen or so analysts in the FT Money section last weekend they collectively made some good points: If it wasn’t for the miners then 2007 would have been awful, banking only needs to recover slightly to have the index humming, the value of sterling will have an affect on how the index does this year and the FTSE-100 is a global not local index.

This bloggers’ guess? year end 2008 = 7,049. Don’t bet on it.

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