Via FT.com / UK – Equities surge as UK economy shrinks.
The stock market surged higher for the tenth day in a row on Friday – the longest winning streak since 2003 – as investors shrugged off news of Britain’s biggest economic contraction in more than 60 years.
The FTSE 100 closed at 4,576.61 to record a 4.3 per cent gain over the week and a 10.9 per cent gain since the start of the winning run.
I was thinking the same thing.
All a false rally though due to QE.
We’ll come to rue it in the end.