A sudden change seems to have appeared in the attitudes of fund managers with them now being positive about stock market growth. The FTSE 100 index has remained over the 4,000 mark for a while (although it has now dropped to about 3,800 - what a shock as we write this article) and some believe that this is partly due to the new opinions of fund managers. Credit Suisse's director, Robert Burdett spoke last week at a conference and said, "there has been an unprecedented change of view in the market". He then went on to say that he did not expect the FTSE 100 rally to last long into 2003 and that markets would remain difficult, although not as negative as this year.
For all investors, we hope that the positive sentiment remains and that equity markets continue moving in the right direction.