Psychological price barriers have been tumbling on stock bourses right across Europe. Not only has t...
Psychological price barriers have been tumbling on stock bourses right across Europe. Not only has the bear market been consigned to memory, it has been replaced by a rampaging bull market in European equities. Germany's Dax index last month breached the 6,000-point barrier for the first time since 2001. In France, the Cac 40 is above 5,000, its highest in five years. The FTSE 100 index has broken 6,000, again the highest since 2001. At these levels, it is easy to feel nervous. Investors were so badly burned in the boom of 1999 and 2000 that they only have to see stock prices advancing to...
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