FTSE set to fall warns Merrill - papers 9th May

The latest big City investor to say the equity bull market could be at an end is Merrill Lynch's Khuram Chaudhry. The European quantitative strategist is quoted by the paper as saying: "With the FTSE 100 index above 6000, the stock market has had a very strong bull run and, in our view, that is now toppy." The Telegraph says Chaudhry believes with the exception of mergers and acquisitions driving the stock market upwards there were few reasons to believe the bull run would continue and certainly not at the rate which has pushed the index of Britain's leading blue chip companies up by more ...