The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

with markets seemingly calming down, i am coming to the view that BoE will NOT reduce rates this week ...... that being so, how will the markets react? ..... for sure that cannot be good news for any high street company nor, i suspect for the financials (wrong sector for now anyway) ..... but overall? ...... any thoughts?

with Cable ($:) now at 20434, whereas only a week ago it touched 19975 and hovered around 20050, the market is also betting against an interest cut by BoE on Thursday.

Mr B might vote for one, to show some willingness or sympathy for first time buyers, or even the high street which is flat on its back, but that is unlikely.

Meanwhile, Dow has powered through 14000 (currently 14035).

All the above indicates to me that the markets are getting ahead of themselves on both sides of the Atlantic, and a sharp correction could be imminent ...... don't ask me to nominate how great or for how long!!

Dow closed at 14087 up 192 points...is this realistic in this market? I feel a downturn is imminent.

Poor bears have been slaughtered of late havn't they. All these crazy calls of sub 10,000 Dow and the other rubbish........very very wrong so far............

September (according to the historians) is said to be the worst month of the year, well it wasn't this year was it? Still lots of bad news to come out regarding debt in my view so a great deal of caution is required in October.

PP .... Pooh Bears have done very well indeed out of NRK though!

once a bull always a bull! its like being a blue!

oh and why do people go on on about early 2000, didnt something quite horrendous happen in America which will have an obvious effect on the markets or has that slipped some peoples minds.

Yep. george W was elected.

Very true Al .

What has George Washington done to deserve that then? ;-)

Cut down cherry trees, the bloody environmental vandal :-)

You certainly know your onions.... :-)

and what does the W stand for????? (that could be a whole new thread!)

Now that the summer scares have receded into history & the markets are starting to pick up, are those people who were sitting on their hands now looking to invest?
With the FTSE at 6600 & the DOW at 14000 things are still looking reasonably optimistic at the moment, imo, but of course another big scare could set us all back again. Lots of companies now coming up to divi date & with valuations looking reasonable after the summer, there are still opportunities to make money. Some analysts are even suggesting that Tech stocks are now going to be a good defensive play, which is probably stretching it a bit, but going defensive doesn't yet seem to be necessary, imo.

I suspect the the next crisis will be related to overvalued Chinese equities that will also hit commodities

"Now that the summer scares have receded into history & the markets are starting to pick up, are those people who were sitting on their hands now looking to invest?"

Generally HC, definetley not.

Just watched Panorama about the Sub-Prime bubble waiting to burst over here IMHO.

The programme just reinforced what I have been banging on about for a couple of months on this thread. Please have a look for yourself.

">http://bbc.co.uk/1/hi/programmes/panorama/default.stm

That's a dead link, Stan.

Checked that it's the right address Harry but for some reason it won't link.

Suggest you go to www.bbc.co.uk click on a "P" on their ABC facility look up Panorama click on it and you will then get the page.

http://www.sharecrazy.com:80/tipsheet/adlard5.html


couple of people touting elliot waves and reasons they think a powerful downleg is just around the corner, signalling the end of the bull cycle...
should we take notice?
damned if you do and damned if you dont, but i for one, intend to use tight stops from now on...

elliot wave guys have been calling a bear market since 2004 , one day they will be right , total b*ll*x