Bolton calls the start of the bull market

As they say - From his lips to God's ears!

But how long will it last? Till Wednesday?

Well, there's still a lot of bad news out there being suppressed by business leaders, politicians, and fund managers, whilst commentators are ready to talk up anything so long as someone else writes the script, and there are plenty someone else's around!

Looking at the charts, which Anthony does as well as the fundamentals, my reading is that we're about to hit big resistance: if we can clear that and stay above it, then perhaps I'll concur that we are at the start of a new bull market run. But, I do not believe that we are yet. I believe that the market will perhaps edge up just a tad more, but soon it will rebound back down off of the resistance, and hit lows as low as last November, and perhaps less than that.

Then, start buying!

Oh Harry-like me you have been around too long.With our wisdom and AB's experience we could sort out the mess that the 2 Scots at 10 and 11 DS have got us into.

The country needs a litlle motivation and PMA.

Enjoy a pint, smile and remember

Churchill KBO

Thatcher TINA

Who the hell is "big resistance"? Why are we going to "hit" him? Who decides if we are to "stay above" him? Who works out if we have cleared him?

Should we not be telling the "resistance" that they are about to be bounced off "the market"?

Wow. Reminds me of Secret Army. Or is 'Allo 'Allo?

Are you serious?

The charts are fine and read great on Planet Zog. It's just your medication that needs changing. NOW.

When I was the age of 18 I was working for Clerical Medical & General 1974 had seen the worse year for the stock market .We had a three day week strikes, rampant inflation .Commercial Union had a rights issue and National Westminster Bank had to defend itself that it was not going broke and was still solvent .The Bank of England was looking after 30 secondary banks

On New Years Eve Burmah Oil went bust .The FT 30 index fell from 150 to a low of 140 .I remember on the 6th December the Branch Manger had a telephone call from the general manger saying their had been a meeting in London in which all the majour Insurance companies decied to buy shares .In less than one month the FT 30 doubled in one month That experience taught me one lesson that stock market are all about confidance. According to his CV Anthony Bolton was a Graduate trainee and research assistant, Keyser Ullmann(that’s another story) Like every one who worked in the industry the experience at the time would have created their philopshy that equity markets recover once confidance returns .With his experience Anthony Bolton has seen the signs many times that confidence is returning many times

So where were we, oh yes last years warnings list is now superceded by this years

Swine Flu and its effect on travel companies Airlines etc

Unemployment

No house market

Bankruptcies for major production companies,cars, vans, property firms etc

Return of inflation

Quantitive easing (could go either way this one)

Plus a government who have lost the plot, reverted to type and appear to have lost all confidence in their boss

Lack of confidence and the general feel that many are hanging on by several finger tips most of which are slipping.

And no I am not a pessimist by trade in fact just the opposite as I do believe the cvcle will naturally turn but I am not convinced it is about to start yet. Its a bit like the issues we had at the start of this Century, there was a succession of bad news issues that supressed any recovery for 3 years. I have a huge respect for Mr Bolton but I think his timing might be wrong on this one

Whilst I think most of us would respect Mr Bolton's opinion, it does run slightly contrary to that other great guru Neil Woodford who I understand believes markets have bottomed but we will be slow in digging outselves out of this hole.

Whilst we may see the FTSE play a little catch up, after all the fundamentals would support that, but bull run is another thing altogether.

My philosophy is either you are an investor in for the long haul or not. The best form of defence against being wrong is to drip it into the markets. Thank god for platforms and the degree of control that now gives us. Think of the nightmare the same exercise with paper would have given.

Can you remember last year he called the bottom and some disagreed?

Well he was right, it dipped to the same level again but no lower.

He does have a knack of being right.

There have beenj some fantacstic gains last month, but we have to work to find them, it isnt tracker heaven that is for sure, although the FSA will probably try and persuade you otherwise.

I could not agree more with Mr Bolton... we will look back in 2-3 yrs time and say what a golden opportunity we missed!!