Friday 8 May 2009

Word of the week: Playing FTSE

The FTSE 100 is fast approaching the 4500 mark after a strong rally over the past week. However the staunch ascent has lost its puff in the latter half of this week without a significant stimulus to counter the cautious optimism that has swept equity markets upwards. The increasing length and breadth of the rally across all sectors and several countries is increasing confidence that we are experiencing something more than a short bear market rally. However the bullish confidence of old is far from being restored and the seemingly unwarranted wobbles demonstrate a continued tentativeness from investors.


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