June 27, 2007 | posted by Michael Baxter in IABN |

While some raise memores of 1929, others talk about rising interest rates, the UK’s equity strategists seem anchored to the optimistic camp.

Reuters has been busy surveying their views, or at least the views of 15 of the UK’s top analysts.

The conclusion: The FTSE 100 is likely to grow by around 4.7 per cent from today’s level, or 10.9 percent up on the start of year postion. The poll found that the consensus is for the index to pass 6.900. The all time high of 6930 was set on the last day of the last millenium.

Reuters says that many equity strategists reckon the recent turmoil in the credit markets is not a major threat. It quoted Stephen Pope of Cantor Fitzgerald as saying “I wish people would listen to the words that (Ben) Bernanke is uttering at the Fed… “Stop listening to Greenspan. He is yesterday’s man”