The Failure Of The FTSE To Trade Higher Could Foreshadow The Return Of The Plague To Britain

Or something.
Bad.

Following up on Jan. 29's "London’s FTSE 100: Battling 15 year Resistance Level".

Thursday close: 6810.60

FTSE 100 currently 6867.02.

The index hit its all-time high at 6,950.6 on the final trading day of the last millennium (12/30/1999).
Just for grins and giggles I'll note that Japan's Nikkei index set its all-time high on the final trading day of a decade, Dec. 29, 1989.

From The Market Oracle: 

FTSE Stock Market Triple Top - The Golden Age of QE and The Fiat Endgame...

....A dramatic example of such gargantuan manipulation may be about to play out in the London stockmarkets. The normal interpretation of the giant pattern forming in the UK FTSE index which we looked at not long ago, using traditional Technical Analysis, is that a huge Triple Top is completing, but the government may be able to avert this outcome by simply doing QE on a sufficient scale to head this off and force an upside breakout. All they have to do is keep pumping money at a sufficient rate and make sure it reaches those whose task it is to keep the market levitated. This is the "new paradigm" that we wrote of near the start - never before have governments had such power to control markets. If they succeed in breaking the FTSE out the top of its gigantic Triple Top, where there is huge resistance, this index will soar. If it starts to descend from this Triple Top, things could get ugly in a hurry.

...If the FTSE does break out upside from its Triple Top, then US and other markets should soar too. The US should remain "leader of the pack" for various reasons. The obvious one is that its currency, the dollar, is the global reserve currency. The next is that it is "smelling of roses" right now because it is not doing QE, while other centers of economic power are, although the fact is that the Fed still has a huge tub of money from the last big QE to goose the markets. Still another one is that the US is geographically homogeneous and distant from world trouble spots, unlike Europe which is composed of potentially warring tribes....MORE

For some reason, while reading that "If the FTSE does break out from its Triple Top, then US and other markets...", I've got Churchill going off in one of the synapses:

...If we can stand up to him, all Europe may be freed and the life of the world may move forward into broad, sunlit uplands. But if we fail, then the whole world, including the United States, including all that we have known and cared for, will sink into the abyss of a new dark age made more sinister, and perhaps more protracted, by the lights of perverted science....

Anyhoo, back to a more cheerful stance:
Scientists Find the Black Death Had a Silver Lining