FTSE on course to reach 10,000

By Jane Wallace Barings frAAA rated UK manager Richard Buxton thinks the FTSE 100 will reach 10,000 before the next bear cycle begins. Buxton has based his prediction on the revolutionary impact of the internet, enhancing economic and stock market growth in the UK. He said: "GDP in the UK will be 2% this year, as it was the year before and the year before that. We are still in a disinflationary boom with inflation running at 0.8% currently. "Interest rates will keep going up until growth fears ease or the MPC runs out of excuses. There is no sign of the competition or productivity gains...