3331 days ago
Malcolm Stacey reckons today that I should apologise as the FTSE 100 breaks 7,000. I make no such apology. Some shares have gone up but a headline index can mislead and the reasons for the rally are not sustainable for reasons I explain here. Malcolm is wrong about how current PEs are justifiable and wrong not to be advising folks to bank gains. I look back to 2003 and to 1999 and look forward to 2016 and explain why Comrade Stacey is rash and unwise. A 1916 Wisden is a far better bet.
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3376 days ago
My esteemed fried and colleague comrade Malcolm Stacey is nothing if not consistent. The great Money Tree worshipper is perennially bullish and once again that is his message today (HERE). But is the Footsie "flying?" I compare it to a 1916 Wisden and it is clearly not. And I point out why even if it breaches 7,000 there is every reason to be bearish rather than bullish.
