Jeremy Batstone, Charles Stanley
FTSE forecast: “We think the FTSE 100 will end 2010 at 4,700. Investors are complacent about near-zero interest rates, but they are the exception. When rates rise conditions will be tougher. there will be a flight to quality stocks that can generate cash.
Justin Urquhart Stewart, Seven Investment Management
FTSE forecast: “We think that the FTSE 100 will end 2010 at about 5,000. We expect the index to rise in the coming months and then to fall back in spring. Growth will be insipid because much of the current rise in profits is through cost cutting rather than expansion.”