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

I was looking at a long position yesterday, I didn't trade however. I think GBP/JPY will head to 155 at the moment.

very easy to get sucked into "falling knife" syndrome, forgetting that what's cheap can get much cheaper still

FTSE averaged down to 6544.2, what were you saying about the falling knife Cynic...

cut palms or, if really bad, cut wrists :-)

i assume no obvious, let alone sensible reason for today's bloodshed

The U.K. government's borrowing costs climbed to a two-year high at a sale of longer-dated bonds Thursday as lack of confidence among investors over the Bank of England's plan to keep interest rates at record lows for the next three years hurt sentiment. The U.K. Debt Management Office sold 2.25 billion pounds ($3.51 billion) of the 4.50% 2034 gilt at an average yield of 3.52% and a cover ratio--a gauge of demand--of 1.48. The last sale of this particular bond took place in August last year but a sale in June this year of a bond maturing in 2032 attracted a cover ratio of 1.45 and an average yield of 3.004%. The average yield at Thursday's auction was the highest for the 2034 bond since an auction in August 2011 when the yield was 3.955%. Yields on other U.K. government bonds have also climbed in recent weeks amid signs of faster economic growth in the U.K. and less support among the Bank of England's rate-setting group for keeping monetary policy accommodative. The 10-year benchmark government bond yield rose to 2.66% Thursday after data showed that U.K. retail sales grew at a faster pace than forecast in July. The yield tail--the difference between the highest accepted yield and the average yield--was 0.7 basis points at Thursday's auction compared with 0.4 basis points at the June sale for the 2032 bond. A longer yield tail suggests that the debt office had to accept some lower-priced bids to sell the amount it intended to.

ah - thanks

This too shall pass! said the actress to the bishop. Anyone any idea which company Primark trade under?

Chris: All about Primark

Hi Seymour, doesn't appear to be a thread, do you know the epic? cheers.

"Associated British Foods' CSR policy

In addition, we (Primark) work within the CSR guidelines operated by our parent company, Associated British Foods."

Thanks Harry.

Getting hammered on low volume at mo.

no idea what the US numbers were like, but obviously far too good! ...... market being whacked yet again

Not happy being long on the FTSE at these levels...

6475 thats me, taken loss and will move on.

any idea of the numbers?
in any case, it would not be surprised if the panic linked to forced selling is deemed to be overdone - as is the nature of markets

cynic - from the traders thread :-

USD Core CPI m/m 0.2% 0.2% 0.2%

USD Unemployment Claims 320K 334K 333K

USD CPI m/m 0.2% 0.2% 0.5%

USD Empire State Manufacturing Index 8.2 10.2 9.5

USD TIC Long-Term Purchases -66.9B 31.3B -27.2B

Long again @6,480.9 - stopped earlier -27.

6484 was the last support line I expected to hold and see a bounce off.

6484 is where the index is now sat - or near enough