The market's set to hold around the 5,000 level at the moment, with the retail sector coming under more and more pressure and UK house prices looking like they might come lower. The banks' potential credit risks become higher, bad debt provisions become bigger.
More Quotes from Martin Dobson:
If we get any further signs of strike action hitting British Airways or Gate Gourmet going (into administration) the BA stock price could go below 280p, especially with the oil price as high as it is.Martin Dobson
We've had nearly a 1,000 point rise over the three months options period. If people are feeling good about this market, and it's starting to have that upward impetus, you'll find people exercising long positions.
Martin Dobson
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