i’ve been telling people for the last few months that i expected the FTSE to fall to 4000 by the end of the year. frankly i was laughed at by some. i don’t think anyone agreed. One senior banker just said “if that happens then you’d just have to thank god you had a job”. At the same time a colleague took out some investment bond that was predicated on the FTSE remaining over 6000 on 31st December.
well, the FTSE has dipped below 5000 and it’s only September.
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