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Anyone fancy a guess at where the FTSE 100 might finish in 2024? It’s only a bit of a game, but a lot of us like to play along. I know I do.
Looking round at what the experts think, I’m seeing a fair bit more uncertainty this year than in recent years.
But I think it can help to look at predictions, and think about what they might imply.
Too precise
I see a couple of sites out there offering month-by-month predictions, down to the last digit, going years into the future. I think that’s just nonsense.
It seems a bit like starting a diet plan, and setting monthly weight loss targets down to the milligram.
There’s a very wide range of predicitions out there. Most are pretty conservative at this stage. And I think that’s wise, considering the opposing pulls between economic fears and low share valuations.
But some of them are quite optimistic.
The bull case
I’m not seeing lots of people pumping up…
