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the FTSE 100 is 7.8% off its highest point of the last 10 years: 6732.40 on 15th June 2007.

Don't get too excited yet. Adjusting for inlation that peak from 2007 is about 7,600 in today's money. Still, that just strengthens your argument that "further rises could be in store", a sentiment with which I agree.

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