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

go the TALK thread if you want some entertainment on the rottenness within greece, courtesy of friend hays

fred - make of it what you will but eur/usd has just firmed from sell to strong sell - obviously things are very fluid right now...............

cheers cynic ref talk thread - will take a look later

FANTASTIC!!! :-D

Financial markets heading for heavy falls on Monday.

Oh Goodness Me.

Global stock markets are just getting into gear for the new week, and it’s already clear that shares are going to fall sharply on Monday morning.

The future’s market is predicting that the main US stock markets could fall by close to 2%.

BREAKING: S&P 500 E-MINI FUTURES SLIP 1.7% AT THE OPEN

CNBC Now
✔
@CNBCnow

ALERT: Dow futures lower by 320+ points on Greece worries; S&P futures lower by more than 40, Nasdaq fut. off 70+ »

gla

FTSE short closed on that last spike down +225 :-)

well done skinny - ditto - also closed out dax this morning over 550 :-))))
fantastic day
gl

Well done on the DAX - quite some fall - currently down 4.27%.

cheers

Well done to all those who called this carnage correctly. I was all square over weekend as I don't like holding over weekends. Going to sit this morning out and see what happens when Wall Street opens.

my inclination would be to go short again around present levels, but as i'm flitting here there and everywhere - aka being on hol - i shall resist the temptation

so what next?
clearly nothing is any clearer than it was and it is unlikely that any silver bullet will magically appear before this referendum result is known

logically, the greeks probably OUGHT to vote to accept the EU proposals, but then i am not in the position of already suffering the current consequences

however, even i think the EU proposals stink and i cannot see that they will really ameliorate greece's plight in the foreseeable future

of course, the fact of the matter is that greece is worse than broke, so the only real way to help would be for IMF to write-off most if not all of the debt
will that happen?
who knows?

The Greeks have already been to see the Russians and I wonder if the Eurozone will ultimately allow the Greeks to exit, with the possibility of a foreign power gaining a political and financial foot into the backdoor of Europe, if they haven't already done so. Greece is going to need financial assistance from somewhere as the Drachma will be virtually worthless if reintroduced. My gut feeling is that Europe will offer yet another solution which the Greeks will have to accept......yet again.

the russkies want a gas pipeline through turkey and greece .... perhaps this by-passes ukraine but i'm nor sure not of the significance

the russkies would also (for sure) like a naval base in the med

it follows that the rest of the "west" would like to be shot of tsipras and his far-left gov't (surprised fred isn't offering his expertise and funding), so all sorts of shenanigans are likely to come into play ....... none of which will give the markets much comfort

I wish I could run my credit card the way the Greeks are running their finances!
I'm sure if I said to Mastercard, can I borrow more money as I can use that to pay the original debt, they would cut off my credit. Sadly I don't have a strategic holiday pad in the Med to horse trade with!

dow heading south once more, dragging cash ftse with it

dow currently 17,712 so next stop is 17,686 from where one may see a bounce once more

and so it has and it has, but for how long and to where?
if we knew that, we wouldn't be pissing about :-) ....... however, 17,755 is not a bad target from which to short again

Manuel,

Post 17998.

A conflicting opinion to your neo-fascist view of the world is probably beyond you capacity to contemplate.

You have the ability to price of much, but the value of very little.

.

fred - i know your value well and that you place too great a price on it

since i adjourned for dinner, dow has shut for the night and i see tumbled even further without, i think, bouncing back to anywhere near 17,755

trend must surely remain south, but opening a position to run o'night is too scary an option for me