Can't see too much going on today or next week in thin distracted trading conditions.
Apparently, the index touched 6000 before falling back at yesterdays close. However, unless there is some key news I can't see too much in the way of normal trading conditions until the New Year which will give me time to look at my portfolio ahead of 2011.
Looking ahead into 2011, I can only see the FTSE hitting the ground and stumbling initially as mixed retailer success due to the weather conditions, is combined with the planned increase to VAT on January 4th. Inevitably, the trading statements from retailers will drift between weather related excuses, a few decent trading days and a gloomy forward view.
Happy holidays to one and all and may you all have a prosperous New Year.
Note: You could look out for Vince Cable on this years Strictly Come Dancing Christmas Special as he wages war on the competition. Lets see if he accepts the verdicts of the judges?
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