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BLOGS by Stephen Kahn

FTSE BOTTLE IS HALF-FULL

Friday March 30,2007

By Stephen Kahn


FTSE bottle is half-full

Christopher Iggo thinks shares will continue to rise

I managed to get together with Christopher Iggo, well-respected senior strategist at Axa Investment Managers, during the week.

A face-to-face meeting was long over due. I approve of Chris's generally optimistic bottle half-full approach to market prospects.

He doesn't see the Footsie hitting 7,000 this year but he expects it to come close. Behind the caveats that go hand-in-hand with the forecasting profession, Chris takes a pretty upbeat view of the prospects for share prices.

He expects that there will be greater volatility but because equity valuations remain fixed in reality, the general march of share prices should be upward.

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March 2007

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