This year will see the end of a bear market that began all the way back in 2000, at least according to one investor.
That's the opinion of Peter Toogood, Investment Director at City Financial Investment Company, who warned that there'll still be some pain before the bulls wrest back control.
"It's just a bear market, it's not the end of the world and I don't think it's 2008. But I do I think it's going to be very difficult," he said.
To back his claim of a 16 year sell-off, Toogood highlighted that in year 2000 both the FTSE and MSCI share indexes were higher than they are today.
And he warned traders would have to be fleet of foot to make money in present circumstances.