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.

This is a great time to top up shares like JKX, OEX, MRP and EME.

Agreed

Totally spoiled for choice ... great time to buy!

Looks like X'mas sales come early this year, ellio.

It's mad, lots of companys marked down for no reason, so they can shake punters out and sell them all back at a gigantic mark-up.

Morning all!

It's a bit of a pain to see red all over the portfolio this morning, but I think that if a little steam comes out of the bubble in a relatively controlled fashion, it's not too much of a problem.

Emerging companies will still be in a position to profit from high commodity prices - most feasibility studies are based on older price models, e.g. crude $40 or $50, copper $4,000, etc, so that nobody with a serious business model is banking on $70-dollar oil or $7,000 copper prevailing. IMO the co's whose SP's might drop a bit are the more mature ones who are not replacing their reserves and whose sole reason for a SP rise in the last few years is the strength of commodities prices, rather than increased production or NAV.

Agreed it's a good time to top up - but I'd keep an eye on the commodities prices carefully to make sure a.) that I wasn't trying to catch a falling knife and b.) that the stampede to sell didn't get out of hand.

Good distinction versus the tech bubble, Ellio. Fundamentals are everything and - for goodness' sake - this is the ready market for oil and gold we're talking about here, not "I've got a computer program that will change the world" but then turns out not to.

All IMO, WDIK, etc.

Best of luck and nerves of steel are wished to all by
ST "Sitting Tight" Soul Traders.

Seems like a time not do anything, so thats exactly what im going to, no buying or selling for the next couple of days then top up on the bargains with great fundamentals. ie kmr and azm.

Looking at some of the charts this morning, it seems that some of the initial panic may have subsided - a lot of the companies that suffered first thing are off their lows by late morning. Could be a brief respite, we shall see . . . .

blt a good case in point, buys and sells about equal but as fallen 5%, now on a PE of just 12 hardly expensive for a miner in the fste 100, fill yer boots.

Good Post soul traders ,now lets see how the US opens this afternoon.

Errr . . . , mad panic initially, followed by the gradual reassertion of common sense?

This may sort out which companies were overbought and those that were showing their true value.

Well the dow hasn't slid (yet) .

Dow up 5 points at the moment

Well overdone in my opinion .

Dow up 23 points now...looking healthy today

dont get carried away yet it might be a short term bounce? if at the end of the day if it can put on 50 + points then hold onto the gains tuesday it might look a bit better,the dow is the strongest index at the moment not much damage has been done yet? where as the ftse,cac,dax & sp have gone broken through trendlines for this year and all have gaps to fill.

Heeeeeelp I'm going under.

Don't worry driver you'll bob back up to the surface.

I think it's to late jimmy.