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.

Edited.
Point made

it was in backwardation , could have called, closed out at 190+ in the end anywya and reopened some at 183 .
On the other side someone is feeding the BB with what seems like good info!!
Watch Philip!

have also got back in at 180 ... thanks for bringing it to my/our attention

i will be closing all my sb's into the next rally, and selling many of my paid for positions. Im well up on the year, despite a beating recently, but i beleive there is a mother of a fall on its way and i will be buying SnP Sept puts when this rally runs outta steam! 1125 on the Snp but August is possible IMHO, its gone up on small volume over the last few months!

no one knows whats going to happen. im hedging on going sideways for a while until the full extent of all the worries come to the surface ie no 1 inflation, iranian situation, commoditity situation.

Your right Kivver ,no one knows ,look at the last 2 days ,you can try and trade this all you like ,but it will be luck more than judgement if you keep getting it right.

I've been trying out a "demo CFD" service, where you get some play money to trade with, as I wanted to see if I'd be any good at trading (as oppossed to investing). Very scary. Good job it was only play money. It was an eye opener though, as to where all this volatility is coming from, and does nothing but highlight my fears of much much worse to come.....

Strawbs.

Knees up, Mother Brown.
Knees up, Mother Brown.
Knees up, Knees up,
Better get your knees up,
Knees up, Mother Brown.

Sorry, got to do something for my spirits upon seeing all this red. Would it make everyone feel better if I made a cup of tea?

Please. No sugar. ;-)

Biscuit as well, Strawbs?

Hmmm. Better watch my waistline.......get larger.

Got any custard creams...... :-)

Theres going to be a lot lost to the market strawbs.

A lot of these youngsters who come in with a TA manual and a CFD or SB account will have been hit very hard, and will no longer have the will to function on the markets.

Credit in the market place is exaggerating the falls.

Custard creams very difficult to get hold of in Germany, Strawbs.

Although they do have a circular, chocolate-filled affair called "Prinzen" (= princes), marketed under a slogan which translates to "Princes come further". The mind boggles . . .

Yep. That has worried me since I started looking at CFD's and spread bets. I liked the idea of being able to short, but decided both vechiles where too risky for me. Given that most people chase "bargains" because previous news has pushed prices rapidly higher, I suspect many have lost on certain trades, and have gambled on the "former darlings" making the money back. In a bull market, that should work. In a bear one, it's a very risky stratergy. I've no doubt people will buy with leverage in this drop, and will see the prices recover slightly, only to hold on and see them all drop rapidly again.

Strawbs.

Sigh. No custard creams Soul! This market is very depressing.

Got any cake?

Goldfinger (apologies, time to get serious!), good point. I'm interested that Strawbs' sentiments have been proven right - there's a big shake-out going on and I'm guessing that the signs are bearish for the rest of the summer at least.

Not that that observation makes me an investment guru or anything. Am just glad I'm sitting on some cash, and wishing it was more, because at present my wealth projections for the end of the year are looking very forlorn!

Chocolate marble cake okay for you Strawbs? (I see I couldn't tempt you with the Princes!) There were some muffins, but I had to stuff the last one into my mouth whole to prevent screaming when I saw the FTSE red-lining it!

These things are cyclical soul. Things may be rough for a while, maybe even a year or two, but you can be sure that at some point things will turn around.

Strawbs.

Chocolate cake........mmmmmmm.....arghghghghgh (In a Homer Simpson style)....

I'll have to come to this tea shop more often!

You're right, Strawbs. I'm coming across as desperate mostly for the humour value; (for which I suspect no-one will thank me :o)) but in truth I'm looking forward to going bargain-hunting at the right moment because my small oilers and similar are still all primed to do very nicely in the coming year or so, and if I can sell some high and buy back in much cheaper then I guess I'm a happy Trader.