Footsie Surge Leaves Forecasts in Shade ; Taking Stock

Summary

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THE City's long-term forecasters are having a tough time. As the FTSE 100 broke through 5,000 last week, it left most predictions for its full-year performance looking meaningless.

At the start of the year, City banks gave their forecasts for where the Footsie would stand at the end of 2005. Naturally, there was a spread of opinion, but the average of all the forecasts pointed to a figure of between 5,000 and 5,100.

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Extract

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Footsie Surge Leaves Forecasts in Shade ; Taking Stock

Six weeks on, the Footsie stands at 5,044. Of course, the consensus forecasts could still prove correct at the year end. The question is, what will it do in the meantime?

The price o...

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