There are so many headlines about which way the markets will go. '2010 will be a volatile year'; 'UK deficit warning from City economists'; 'Europe's chief executives see sluggish 2010'; 'Optimism rises for recruitment'... and so on ad infinitum.
I am reminded of a sage City fund manager, one Andy Brough, who had evidently had enough of personal finance journalists ringing him up to ask him his take on the market (this was back in 2004). His comment still stands in the annals of FT history:
'Look, we believe the markets could go up. But then again, they could go down. If not, they might go sideways.'