Long term prospects for the FTSE

[simpo two]

Up, down or sideways?

[B'DumTish]

simpo two said:

Up, down or sideways?

A couple of years ago a very learned friend of mine said that he reckoned the basic graph would look like an airplane landing (starting from late 2001)...

i.e. a drop then a smaller bounce back up, then a slight drop and, again, a smaller bounce up and so on. He reckoned this would go on for about 10 years.

So... it depends on how long you mean. But he said we wouldn't see a return to the "boom" years.

Don't know how accurate his prediction has been so far but it may be worth something?


Edited to add: an important n't

>> Edited by B'DumTish on Wednesday 15th June 14:40

[simpo two]

Thanks. My own view is 'stagnant'.

[dimmadan]

I've also heard the boom years of the stock market are over for now.

I've been reading a very interesting book by Jim Rogers about commodities. His fund is doing very well.