Leading shares are poised for another bumper year in 2011 and could even test their record highs, according to City analysts, despite the continuing global financial problems and government austerity measures
Many in the City believe the index could see a gain of 7% or so in 2011 and may even reach 7000
Mike Lenhoff, chief strategist at Brewin Dolphin Securities, has a target of 6450 for the FTSE 100 by the end of 2011.
Graham Secker at Morgan Stanley forecasts that the FTSE 100 will end the year at 6400.
Jeremy Batstone-Carr of stockbroker Charles Stanley gives a 50% chance to the index finishing at 6150, and a 25% chance of it finishing at 6700 or higher.
Nick Nelson at UBS is more optimistic, setting 6700 as his target
Jonathan Jackson, head of equities at Charles Stanley rival Killik & Co, has opted for a more cautious figure of 6600 for the year end
Howard Wheeldon, senior strategist at BGC Partners, opted for a middle-range forecast of 6300
Last year the FTSE ended the year around 5400
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So please note the following :
It is worth noting that last year all the strategists underestimated the strength of the recovery. Lenhoff went for a 2010 year-end FTSE 100 figure of 5500, Batstone-Carr had 4700, Killik & Co 5850, Secker 5000 and Wheeldon 5700.
http://www.guardian.co.uk/business/2010/dec/27/2011-rollercoaster-year-ftse-100
They were all dead wrong, why would they in anyway be right in 2011? I don't trust analysts, I have long believed they talk their own book and dump the stocks onto PI. And do the reverse when they want to buy. Just find it incredible these people are paid huge huge sums of money in the City.
Can people please share media tips and 2011 forecasts on this thread? If possible please can you also post a link to your articles.
Thanks.
