rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

would rather goose but no chance ..... partridge is delicious and should be fine with claret or even a light burgundy ..... in fact, am stuck with turkey, but have uncovered a magnum of 1994 Beringer - CA cab sauv

A tender, well hung piece of lamb from my local butcher plus 6 veg has left us well ...... stuffed.,.

a further strong sign of global economic upturn ...... FT advises that iron ore prices have hit an 8-month high

A self opinonated tit! just about sums you up cynic haha.

nice..... peace on earth and goodwill to all men.

what's up with that tosser?
must have swallowed a wasp

HALI - hope you had a good christmas
happily surprised to see TLW making a good recovery of late, but a long way further north required!

geithner is getting the amis twitchy, which is a bit dull, though assuredly all will be resolved to a greater or lesser extent ...... if dow falls to 12940, i think i shall be a buyer (of more)

Hilarious! you crack me up you really do you condersending bell end hehehe.

You seem to have a stalker there Mr C. Must be the season! Just this once I assume you are hoping a dog is only for Christmas!!

oh he's just some tosspot that appears on the scene occasionally .... if it amuses him to throw abuse, then it's water off a duck's back as far as i am concerned

Talking bollox over on GKP. you arrogant wanker hehehe.

Cynic if DOW falls to 12940 then I'd be going with the trend. Still short FTSE and DOW and both positions nicely in profit.

Boxerdog, if you have a bone to pick with Cynic regarding GKP please do it on that thread.

USD Chicago PMI 51.6 consensus 51.2 previous 50.4

USD Pending Home Sales m/m 1.7% consensus -0.3% previous 5.2%

shortie - have you banked profits yet or do you believe the amis really will screw themselves?

Hi Cynic, no plans to bank profits yet and happily letting my positions run. I can't see the Americans coming to any agreement soon, and then theirs still the debt ceiling to be agreed too. I think the US screwed themselves years ago when they started to try and fix a recession with QE, if it weren't for that fact the USD is the worlds reserve currency and investors have been buying up gold and commodities etc the dollar would have fallen through the floor. What happens when investors decide not to hold as much in commodities and sell the dollar, with the increased money supply I think a bout of weakness has to be due and the US will suffer hyperinflation as a result of increasing money supply.... This will cause the DOW to rally and the USD to weaken, at the moment though the opposite is happening, people are buying commodities priced in USD to protect against business volatility due to spending cuts and increased taxation as a result of going over the cliff. Just my personal thoughts...

very short term, it has to be a racing certainty that there will be a "sticking plaster" solution passed ..... thereafter, we of course go back to the usual knock-about slapstick that the amis alone think makes their country and it's political system the envy on the world

with regard to commodities, don't forget they are actually used for making stuff and not just for trading like cases of blackmarket sardines!

I guess Obama's 'fallback' plan will save the day and procrastination will rule for the foreseeable future.

US Congress in final push to reach 'fiscal cliff' deal

Given the problems Europe and in general Euro faced, I think the world has no choice but to continue using $ as reserved currency. So, American will not face any serious problem in the next ten years. They can simply print more money, like other countries in the world.

I think commodities have more value than they are priced right now, especially that Chinese are getting richer every day and consume more and more. They do not talk, they simply ACT.

Consider the speed of building new high-speed rail (1400 miles)... and a compare it with the UK or America. They spend more time for making decisions resulting in price rise etc... and complications.

The question is Cynic, what type of sticking plaster will be applied, increased tax to counter increased spending or neutral tax and a reduction in spending? Of course reduced tax and increased spending is what everyone wants but to achieve this the debt ceiling will need to be raised. I think the US will opt for neutral tax rises and spending continuing its QE policy for another year. Its the quick fix policy that keeps everyone happy, the US will no doubt deal with the fallout of its increased money supply later when pushed to do so the way it deals with everything. Iraq should start paying its way in 2013 for the USA increasing tax revenues so you never know...