Just a market correction. Feel sorry for a lot trading on margin though.

mmm i've been expecting the Iranian bear to start growling for some time, maybe it has....

       LUNCH TIME FUN

I don't think Iran has much to do with the sell-off ...... The market has been running and running with scarcely a pause ...... I think it has just been looking for an excuse to dive ..... The great unknown is whether or not this signals a fundamental change in sentiment.

BT and VOD blue today on a very red day - maybe some of the commodity money will rotate into telecoms.

Still think the markets have been ignoring Iran and it will come back and bite at some point.

As I have mentioned before, don't confuse political sabre rattling with reality

There was plenty of political sabre rattling in the two year lead up to the Iraq invasion.

But as you said, even that was a 2 year tango, and whether US let alone the rest of the world has the stomach for further fisticuffs is very doubtful - which is no doubt what Iran is banking on

One for tomorrow

UPS (Added by Master RSI on Mon 15 May 04:46 pm)

AEX 37.75 / 38.50p
Reason - A large drop today and now falling from 50p intraday. Indicators well oversold and share price well under lower Bollinger Band, plans to drill about 10 wells this excellent and very professional management team headed by Brian Hall CEO

End-of-day Market Summary

           JOKE OF THE DAY

Two elderly ladies are walking through a zoo. They come across the
gorillas, and after a while they notice that the male gorilla has a
massive erection.

The elderly ladies are fascinated by this. One of the women just
can't bear it any longer and she reaches into the cage to touch it.

Suddenly, the gorilla grabs her, drags her into the cage and mates
with her for six hours nonstop!

When he's done, the gorilla throws the woman back out of the cage.
An ambulance is called and the woman is taken away to the hospital.
A few days later her friend visits her and asks: "Are you hurt?"

"Am I hurt?" she answers. "Am I hurt??,...Wouldn't you be?
He hasn't called, he hasn't written..."