I believe the FTSE as I have predicted earlier, will rise to 6,000 and beyond, possibly 7,500, but not necessarily at 150 points per month, to the end of the year.
The DOW is on a trajectory to 15,000 by the end of the year, and it seems to be heading that way, already up above 200 points for the month.
The negatives this side have been the £515 million losses suffered by Lloyds of London on their underwriting of risks in Japan and Thailand and the unusually severe weather conditions in that region with the tsunami and earthquake in Fukushima and the extraordinary deep floodings in Thailand. The property related premiums there are likely to rise up to reflect such risks.
If Qatar buys a stake in the Royal Bank of Scotland, whose price seems to be a bargain basement price, that would be welcome news for shareholders.