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.

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

Hope you all followed my advice and remained a bull, hope none of you have wasted dealing costs by selling and buying back in (unless you bought back in at much lower prices of course). What is it markets close to being as high as they have ever been. No doubt for some there will be another crisis just around the corner. Happy investing (note investing for the long term not short term trading) ;-)

6600 to become support...? looking that way...

more in interested to see what happens when Dow hits 14400 ...... there is some pretty serious resistance at that point and there could be quite a sharp reaction ..... Almost regardless, i think FTSE is getting pretty o'bought with only limited upside (perhaps 100 points), so i am looking (not yet doing!) to short even if only as a hedge against my long portfolio

as for UK, markets are currently ignoring what may be a significant slowdown in the economy and general spending power ...... of course, it is far from impossible that this is merely a ploy (really? how cynical!) to allow the gov't to show next year that things are actually much brighter than forecast; all down to their brilliant handling of the economy of course!!

quite late this afternoon i opened shorts in both Dow and FTSE, marginally more aggressively than is my wont ...... at time of writing Dow is quite nicely in the money while FTSE is still a little out of it

Should be a good call. The index charts (FTSE, DOW, S&P) have all shown what appear to be bearish candle patterns over the last few weeks. So far they've been ignored during the march higher. The last 2 weeks of October tend to have some history when it comes to market wobbles, and assuming the bull is running out of steam (bearish patterns), the odds would favour a correction before too long. No guarantee it'll come when it's expected though. :-)

In my opinion....

Strawbs.

o'bought in the current climate, r u having a giraffe?? Look at the PE's!!

Fste going higher (than it is now) by the new year imho, doesnt mean it not go down a little first, in fact i think it probably will.

PEs have little to do with it .... markets on both sides of the Atlantic are reaching key and tough chart resistance levels which, when hit, are extremely likely to give rise to quite a sharp correction .... ignore them if you wish, but at your peril

PE's are also retrospective, past performance etc, looks overbought to me now, have also opened a short, surely this turn around wont last. If it does then my long positions will benefit more.

exactly my logic ..... good hedging

There's nothing more retrospective than "key and tough chart resistance levels".

not really true ...... though the starting point is indeed retrospective, the forward view is exactly that! - i.e. the more sophisticated charts tend to be drawn on angles or % from a given point

Dilemma today, wanted to get into a couple of shares that seem to be in flavour at the moment, but for sure the FTSE is due a sharp correction, ended up impatiently buying said shares, but whats the betting they will be 10% cheaper next week, trouble is you always want to be in them too afraid of missing potential profit, heres hoping they climb enough on current news and excitement and dont drop in the event of a FTSE sell off...

There will be a fall in the markets tomorrow. Dow gone up too fast and this is a unsubstantiated market. Economy is looking gloomy and housing in US is in dire straits and people are playing the Dow to sky high levels. A correction is due with a massive sell-off.

easy call that! ..... you already know that Dow was +125 earlier and has finished -50!