The FTSE 100 has significantly underperformed US equities in 2012 to date, partly owing to its heavy weighting in mining and oils.
According to one leading valuation model, it should be trading closer to 8000 than its current level of 5850.
Dominic Picarda discusses the outlook for the FTSE here with ShareMaestro's creator, Glenn Martin.
The video is about 16 minutes long.
(And please forgive the unintentional soundtrack courtesy of the street-musician below Southwark Bridge...)