reached sevenyear highs above 6,700 last June but tumbled to depths not seen since October 2005 at its lowest point today.
With little good news to stop the rot the Footsie
kept falling and in March a spectacular 165-point, pounds 4bn collapse took the index to 3287, its lowest point since the summer of 1995.
However, predicting the Footsie
is a notoriously difficult task, and forecasts for this year show how wrong commentators can sometimes be ?
HBOS was the main Footsie
stock in focus, and it rose 25.
The leading Footsie
riser was BG Group on the soaring crude prices - up 3% or 42p to 1364p.
The fall continued Friday's trend, when the Footsie
closed down 33.
A strong session in the US yesterday bolstered spirits late on in London where the Footsie
closed up 143.
The biggest Footsie
risers were Imperial Tobacco, ahead 106p to 1900p, Arm Holdings, up 24p to 571.
The gains left just one Footsie
stock in negative territory.
Fears over a US recession meant the Footsie
endured a turbulent January - culminating in the "Blue Monday" collapse, which saw its biggest one-day fall for more than six years.
In London, the Footsie
was affected by a number of stocks going ex-dividend - meaning the share price no longer factors in the future payout.
With the Dow Jones Industrial Average unable to hold on to gains in the US last night, the Footsie
failed to follow up its own progress yesterday and dipped 40.