There is every chance the FTSE
could reach 7000. However, I am bearish
the market (and global equities
in general) and so would not be a buyer of this until there is indication that the market can come off. If we see the European banking crisis speeding up, or corporate debt issues coming to the fore, then this would certainly impact the FTSE
and we would see the February low at 5489 be taken out.