Dom today
From The Trader
Daily market outlook
22 January 2014
EUROPEAN OVERVIEW
In an odd reversal of fortunes, the FTSE is looking like the sexiest of the indices that I follow for now. In recent months, and indeed for much of the bull market since 2009, it has been much less appealing than both the DAX and S&P. Now, though, it is showing resilience up at high levels and seems set to extend its recent run of gains. New all-time highs above 7000 will likely be seen before long, in my view.
Elsewhere, I read that gold analysts are the most bearish than they’ve been in more than a decade (
http://on.ft.com/1im384r). I am with them for the meantime, and reckon we might see a drop well below $1200 in the course of 2014. Further out, I am among the more bullish of the bulls, but that’s a story for another day.
...