james and others, I have no formal economic education, but looking at the charts, reading the latest news, I have a very positive outlook for u.k. shareprices this year. r ecord low interest rates , low inflation, g.d.p. rising, unemployment falling,added to a golden generation of cash rich pensioners, the vodaphone effect, increasing public investing awareness, pre election tax cuts, a set of circumstances that surely haven't converged that often.