FTSE 100 moving higher again
Despite missing out on a record 12 consecutive daily rises, the FTSE 100 was today back in positive ground with an 84 point increase to 4632. Despite the fact that we appear to be experiencing very different indications regarding the economy on a daily basis it seems as though investors are looking further ahead and see more blue sky in the future. But how far can the market rise without more positive news?
As we mentioned in one of the earlier post, while the current rise in the FTSE 100 has been welcomed across the board and attracted the attention of many investors, it has been on relatively thin volumes. The summertime is historically a period of the year when many investors and many analysts will be on holiday and as such trading volumes can be relatively low. However, there is no doubt that some investors believe the UK stock market and the UK economy have turned the corner although it has to be said that this confidence is still fairly fragile.
It would not take an awful lot of bad news to stop many investors in their tracks and with the likelihood of a general election in 2010 there is much for investors to ponder in the short to medium term. If you are looking to invest into the stock market it is imperative that you take professional financial advice.
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