However, here we are 29th September and the rally has continued. From 4819 on September 1st to 5150 today.
I received an email this morning warning that the Elliot Wave analysts are predicting that this is really still a huge bear market rally ready to come crashing back down again. I am not so sure about that, but there is huge risk in the market going up with no corrections when the economic situation is so poor.
One bright light for shares is the collapse of the Pound Sterling. The pound is down over 10% this month, which tracks the rally up - so in global terms the FTSE is going sideways. Perhaps the current devaluation trend will continue to push money into shares.
Now though I have withdrawn some money from the markets and am looking into safer havens for it. Euro Bonds are featuring high on this list if I can find an easy and liquid way to invest.