Should we be celebrating? CityAM reports:
The UK’s blue chip index finally pushes past a peak that it last reached during the dot com bubble in 1999.
IT’S TAKEN more than 15 years, but the FTSE 100 rose to a record high yesterday, finally beating the level that it reached during the dot com bubble.
The blue chip index ended at a new peak of 6,949.63, beating the previous record of 6,930.2 set on 30 December 1999. Earlier, the index also set a new intra-day high of 6,958.89, surpassing the previous figure of 6,950.6, also set on 30 December 1999. The index rose slowly during the day, but there was a surge in the last 90 minutes of trading, after Eurozone finance ministers approved reform proposals submitted by Greece.Am I bovvered? Naw, it just makes bargain buys harder to find ...