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 stuff like this its not bear time yet:

WASHINGTON (MarketWatch) -- The U.S. economy shook off the worst housing downturn in a generation to grow at a 3.9% annual pace in third quarter, the best performance in six quarters, the Commerce Department estimated Wednesday.
The increase in gross domestic product was better than the 3.4% gain expected by economists surveyed by MarketWatch. See Economic Calendar.
Growth was well balanced in the period from July to September, with strong contributions from consumers, exports, capital spending, military spending and inventory building. Housing investments continued to be a major drag on growth. Read the full report.
"Growth in mid-2007 remains substantially stronger than expected and the economy enjoys better momentum into year-end than expected," wrote Stephen Gallagher, U.S. economist for Societe Generale.

don't confuse "bear time" with "overdue for a significant correction" ...... the markets have got overheated (ima[rrogant!]o)in anticipation of some stupendous Fed rate cut which will solve all problems without threatening inflation and all leading to the sunlit uplands ...... i think some reality is likely to return, even if only briefly, following the Fed announcement this evening and the very important accompanying looking statement ..... i anticipate this to say that no further cuts should be anticipated in the foreseeable future!

you forgot:

imho!

no i didn't ...... as mentioned before h and imo do not sit comfortably with cynic ..... imao as above does!

missed that , glanced over as thought typo :-))

is it going to be trick or treat in USA tonight?

seems to have the heebie jeebies at the moment

gold just dropped $8 in 2 minutes

Should be announced at 19.15 GMT I think.

It was announced 45 minutes ago H, down a quarter of 1%.

Dow seems to like it +150.

this falling dollar and rising crude price is going to cause a crack somewhere imho

Surely DOWN one quarter of 1% Stan???
Cynic's shorting of the DOW is looking risky at the moment, but maybe tomorrows trading will compensate.

indeed harry .... seems like i might have made a wrong call, but not convinced and have left my Dow short and $ long both running

You are both out of touch FTSE heading for 7000+ DOW 14400 before 31/12

Oops sorry H my mistake -):

Phew! Scary moment there Stan!!! :o)
Symantics possibly, but I'm sure careers have been lost & won by 'Ups' which should have been 'downs' !!!

Looks like the FTSE is fairly neutral over the FED rate decision. Booted up this morning expecting lots of blue, only to find trading very slow.

suggest you revisit and you will find FTSE falling, DOW indications now down about 60 and $ strengthening againgst ...... perhaps i haven't been so rash after all, even if slightly premature in opening my positions, but one can never know that in advance

Laughing all the way to the bank now, Cynic, after successful shorting of the DOW today? Amazing how things change in just 24 hours.

not exactly but certainly much much happier than many