FTSE 100 has worse to come, experts warn

By Ben Bland While the FTSE 100 staged a brief recovery after dipping into bear market territory yesterday, veteran market watchers believe that the worst is yet to come. British investors enjoyed a four-year bull market from March 2003 to June 2007 as shares recovered from the wipeout that followed the bursting of the dotcom bubble. "History tells us that long bull markets in the UK are virtually always followed by bear markets where shares fall by at least 25pc," said David Schwarz, a stock market historian. At yesterday's closing prices, the FTSE 100 was down 19pc since peaking at 6732.4 on June 15 last year. Although market commentators agree that the stock market has some way still to fall, there is no clear consensus around exactly how bad the losses could be. Simon Cawkwell, the serial bear raider better known as Evil... [read full story]