Big Dan likes boys - 10 Feb'04 - 11:01 - 67 of 284
Tom H of City Index has just been on Bloomberg saying he believes that the Dow is going to fall 3% to 6% over the coming weeks. He said that it may trade sideways for the next 14 days before heading down.
He sees 4200 for the FTSE.
Interesting view.
Big Dan likes boys - 10 Feb'04 - 11:08 - 68 of 284
Although on the FT website he is quoted as saying
"The stock market is clearly in a holding mode," said Tom Hougaard at City Index. "There is no real conviction in the bears and the bulls are reluctant to chase the market higher as well. The result is a range bound market which seems to be headed nowhere fast."
So nowhere fast or down fast, I wouldn't be surprised to find another quote saying up fast somewhere!
rb5 - 10 Feb'04 - 11:10 - 69 of 284
Blimey he changes his tune everyday, the world will end before he has an opinion he sticks to.
Big Dan likes boys - 10 Feb'04 - 11:12 - 70 of 284
My view is if he was as good at predicting as he thinks he is, he wouldn't actually need to work for City Index. He could sit on his backside and make a fortune as one of their customers.