In the UK Thursday the FTSE 100 had a miserable day closing down 31.9 points at its lows for the day of 4,340.7 All the wider indices also finished the day lower, except for the small-cap index. (Lets here it for the small caps)

Activity was fairly heavy for a summer session, with the 2.77 bln share volume swollen mostly by heavy trading in M&S and VOD.

Nokia depressed all the European Markets as the world's largest mobile phone maker, warned that earnings would fall further as it cuts handset prices to protect market share and its stock plunged by up to 18 percent a 6 year low.

In the US Stocks traded in a narrow range for most of the day but in the last hour of trading sold off closing like the UK at their lows for the day.

So now attention shifts to upcoming earnings from IBM after the close and the release of the June consumer price index and other data on Friday.

All in all I am glad I spent most of the day away from watching this depressing market enjoying a rather extended pub lunch.

Good Hunting
Blanced of Oxon

morning no respite today by the looks of things,the bears are firmly in control.all the bulls must be away at summer camp.lol
dont care which way the market goes as long as its readable.
FTSE 10yr chart dont help the bulls till we hit 3500!

morning all.

Morning.

Can't get into GNI so very peeved and can't trade.

I'm not a happy camper!

Have a better day than me all.

morning campers.

Morning everybody. Im the new kid on the block at the moment just learning and interested in all your comments. please keep it up.

thats a bit personal aint it,please keep it up :-)only joking!!

Morning all. Hope your day is improving Big Al - when is the move?

You're right I should have chosen my words more carefully. a particularly flaccid start!

small long RTR 319.75 tight s/l

orky1963 a very BIG welcome to you.

covered RTR +1.5

Morning boys,

:-)

mornin all and orky1963 welcome

Morning all and welcome orky

continued thanks martini!

Nice day here so went for a stroll with the dogs as GNI was down.

jj - take it over end August, but still in this place until end October. Gives me a chance to get a few things sorted as it needs work, so perfect. Where you been anyway? ;-)

orky1963 - welcome to nuthouse #2. We like it up if we're long, but flaccid if we're short. LOL

Morning all

Big AL-would you consider TATE a buy now? dyor nag etc.

regards

ep

emailpat - not one I watch I'm afraid.

emailpat.

I am watching TATE, but not going to buy in for a while unless the price drops to 260 to 270.

IMHO it will at the back end of the year or early spring.

Big Al

JKX seems stuck within that 10p range, therfore topped out at the moment.

Do you think the same?

Big Al - Good to have overlap with move; old grot out, your grot in!

Been in London, Oxford, Bath so appreciate being back home and its sunny too. Stocks less sunny. I now know why I only set stop losses in my mind and not in practice - bit of a mess to sort out here. When will I learn??!

ARM having a great day :-)

sw - nasty evening star on JKX yesterday - watching.

jj - naughty, naughty on the stops!

could there be a major uk political announcment on the news at 18.00 :-))))

I moaned that PMO was under priced yesterday.

Up 15 today.

More in it yet!

Speculation.

Euro Referendum?

Blair Resignation?

Brown having a baby!!!!

could be no 2 :-)

Why the expectation of a 6 o clock announcement?

just a bit of info that surfaced this afternoon from a pretty good source and doing the rounds on this and another site with 5 letters!!!!but as info goes you can not be 100% certain!!!!!imho dyor etc

Have a good weekend all.

Longed LLOY in the auction. Added MRS earlier, but other than thaty was far too busy.

Megabucks:
If this so called announcements for say "blair resigns" then do i get out of my long position on cable as it has rallied quite well and reverse to a short-just a hypothetical question.

zarif,no advice given it was only some info that was going around i thought i would share it!!!!like most info should be taken with a pinch of salt!!!!