Bearish FTSE from 7000

22 thg 7, 2016

There is every chance the FTSE could reach 7000. However, I am bearish the market (and global equities in general) and so would not be a buyer of this until there is indication that the market can come off. If we see the European banking crisis speeding up, or corporate debt issues coming to the fore, then this would certainly impact the FTSE and we would see the February low at 5489 be taken out.