He said in the Sunday Times on 14th Decemeber, “Everything I need to see for a bottom is there. Valuations look cheap and you often get this kind of high intra-day volatility at a turning point,” he said.
“All the pieces are in place for a rally in the first quarter. The first stage of the bull market will be quite strong followed by a long period of consolidation. In the long run the market could return to its peak [6,930 in December 1999] but it could take quite some time.”
Does he know what he is talking about?
From 1979 until 2007, Bolton delivered average annual returns of 20.3% , compared with 7.7% from the FTSE All-Share index in that period,