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

gf, you are one of these people who will argue black is white. Just how do you figure out that despite the CR thread has most posts it is not the most popular? I see a little green-eyed monster in there who will not admit to the evidence of statistics. Why don't you go and ask Clem which thread has consistently the most hits over the years?

You made it sound as if there was perhaps going to be a big market crash not so long ago on this thread and as it happened the market was probably due a retracement from the highs anyway. Nothing to get silly about and you quite obviously don't begin to understand the American psyche.

Speaker Boehner: We're offering a temporary increase in the debt ceiling in return for talks

Thursday, 10 Oct 2013 | 2:04 PM ET

The pressure from the public is being felt by Republicans, and they are beginning to make peace with the administration, reports CNBC's John Harwood. Press Secretary Jay Carney said "there seems to be recognition that default is not an option."House Speaker John Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with President Obama on other budget and deficit issues.



Speaker of the House John Boehner (R-OH) speaks with members of the House Republican leadership during a press conference at the U.S. Capitol following a meeting of the House Republican conference October 10, 2013 in Washington, DC.Republicans have been insistent that budget cuts and other measures be added to the so-called debt ceiling legislation but the aides wouldn't say whether he'll seek to add other material to the measure.

A statement from the White House called Boehner's proposal "an encouraging sign."

Sen. Chuck Schumer (D.-N.Y.) welcomed the news as an indication that the Republicans "are backing off their stand that they have to attach something to it," he told CNBC. "I think they're realizing they were playing with fire."

At the same time he said the short-term nature of the proposal was bad news. "To do this every six weeks would be very devastating to the markets," he said.

It's time for leadership
House Speaker John Boehner addresses the debt ceiling battle. "It's time for leadership and time for negotiations to begin" he says.The news comes after Treasury Secretary Jacob Lew warned Congress of "irrevocable damage" that an unprecedented federal default could cause, even as House Republicans explored a short-term debt limit increase to provide more time to resolve their budget battle with President Barack Obama.


Lew testified before the Senate Finance Committee on the 10th day of a partial federal shutdown and one week before Lew has said the government will deplete its ability to borrow money. Most economists say the federal default that could result would deal a staggering blow to the world economy, though some Republicans have said the damage would be manageable.

Is the debt ceiling debate all for show? The NetNetTV gang cuts to the chase.Lew warned that failure to renew the government's ability to borrow money "could be deeply damaging" to financial markets and threaten Americans' jobs and savings. It would also leave the government unsure of when it could make payments ranging from food aid to Medicare reimbursements to doctors, he said.

"gf, you are one of these people who will argue black is white.' Sure you don't mean "Alf" Cynic DB -):

Don't take this personally - or perhaps do - this BB is thin enough on 'reasoned' info - so can you lot fuck off back your favourite thread!

Doodles, Ive proved you wrong everytime on every issue.

I am not going to clog this thread up arguing with a half wit.

Now pop along its way past your bed time.

REMEMBER, once a second rater you will always be labeled a second rater.

I think skinny has just asked us to fuck off, so I will, out of respect to his wishes!!

Debt Cap Raise Until Nov. 22 Gains Support to Bar Default

By Roxana Tiron, Richard Rubin & Chris Strohm - Oct 10, 2013 8:12 PM GMT+0100


http://www.bloomberg.com/news/2013-10-10/debt-cap-raise-until-nov-22-gains-support-to-bar-default.html

Meeting later tonight.

The proposal today by House Speaker John Boehner wouldn’t end the 10-day-old partial shutdown of the federal government. The plan would push the lapse of U.S. borrowing authority to Nov. 22 from Oct. 17.

Stocks skyrocketed Thursday as investors were encouraged by talk of a deal that may avert a U.S. government default.

The market is on track for its biggest gain since January.

President Obama will meet with top House Republicans at the White House Thursday afternoon to seek a path beyond a confrontation that has left the government shuttered for close to two weeks.

House Republican leaders said they would advance legislation to temporarily extend the government's borrowing authority so it can continue to pay its bills on time.

The Dow Jones industrial average was up about 290 points, or 2%, in late afternoon trading. The Standard & Poor's 500 index gained 2% and the Nasdaq composite index skyrocketed 2.2%.

O/Topic.........

doodlebug4 - 10 Oct 2013 20:30 - 13212 of 13220

gf, you are one of these people who will argue black is white. Just how do you figure out that despite the CR thread has most posts it is not the most popular? I see a little green-eyed monster in there who will not admit to the evidence of statistics........ENDS

Statistics today taken from 7.05 am to 10pm

1. Cockneys Den

7.05am........155955

10.00pm..........156064

109 posts in total.

2. TOP Traders Thread

7.05am........327355

10.00pm......327939

584 posts in total.

= 435.7% overall gain over Cockneys Den thread.

YET AGAIN DOODLES you have been found wanting.

Second Rater.

Wow skinny. That's pretty strong! Not often you lose your cool! I assume you weren't long DOW sometime during the 323 point rise then? ;o)

Hey respect skinny, as Harry said most unlike you. Well Done :O)

Cynic triggered the bust up with this post, I hope Skinny is also refering to him, then again no please dont send him up to the 'Talk To Yourself Thread' weve had enough of him, he can stay here.

cynic - 10 Oct 2013 18:26 - 13206 of 13223

don't tell me sticky!
you're another of that large band on here who have never made a duff market call ..... that must be why you're still working at it - or is that just avarice?

From DP of Inv Chr today:
"Neither the US government-shutdown nor the debt-ceiling standoff are yet resolved, but the indices are sure as hell acting as if they were. I have forecast all along that these issues would be cleared up before disaster hit and that equities would head to new highs in response. Clearly, a lot more folks think the same and are thus willing to jump the gun. I can’t really see a good reason not to take part here. The buying was so powerful yesterday, just the sort of thing I look for to signal the start of a new up-leg. I would be looking to buy the first bounceback from a small intraday retreat, therefore. I feel that the indices rather than currencies are the place to be for now. Meanwhile, gold is selling off in line with my call. If that’s not the start of a new rally, it’s about the best impersonation of one that I’ve ever seen. The S&P gained 1.91% from peak to trough in yesterday’s session, which is just the sort of move I like to see to kick off a fresh wave of upside. I am looking for upside to and through the 1729.8 level."

Harry post 13222 - no :-)

6460 short... Hourly below.

6471.8 short again, this gives me 3 positions now.

Shall I join in?


























Perhaps, NOT!

Have a good day.

I've gone short @6,487 - I was looking for mid 90s, but its seems to be running out of steam (famous last words!).

WRONG THREAD.