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.

Spoke too soon .

wed should be key day for short term the cpi from the us is released this is the last big indicator before the rate meeting on 29/6.

This market f****** is b*******

It will turn at some point .Patience .

I'm slightly perturbed by news on FT.com that oil stocks have reached one billion barrels.

>> Oil inventories in the developed world rose to more than 1bn barrels, their highest level in more than 20 years, as high prices are weighing on consumption, according to the International Energy Agency, the energy watchdog for the developed world.

The oil inventories are higher than the levels seen in 1998, which triggered an oil price collapse to $10 as oil demand growth started to slow. < <

Full Article

Any views?

It's done it again with the links - apologies, will mention it to the website mechanic.

Normally when everything is looking like it can only get worse.....it does.......the opposite. I wonder if we might actually see a bear rally before the end of the week. The markets have been selling off ahead of the CPI numbers on Wednesday, but given that bulls over estimate the positive, bears also over estimate the negative. Even if the figures turn out to be rather bad, it wouldn't surprise me if we actually saw some kind of a rally afterwards.

Strawbs.

strawbs end of week is key as shorts have to be closed on friday in uk ,us & europe.with the cpi figs to many times they are a non-event as everybody is focused on them.

So as a guess where do we head tomorrow than.are we with a surprise,and a small rally to calm the downward trend.

My guess is that London will open quite sharply down on the back of Wall Street. However, the movements on Dow this evening seemed almost without impetus, notwithstanding that the index closed at its lows. I (wishfully) think that a good bounce could be imminent, though that depends on how bad the US CPI figures turn out tomorrow afternoon. If not too frightening, then we could see quite a sharp turn around, which may be short-lived ..... Or at least that is what I think at the moment, and without any proper logic other than markets cannot and do not keep falling headlong day after day.

Testing the problem with the links for James, please ignore.

Test Link

did it work?

Yes it did.

sould traders,

All seems to be fine now - let me know if you have any further problems pasting links,

Ian

as i posted last night non-event market still not sure if 1 or 2 rate hikes needed

As I posted last night, the DOW has rallied post the CPI figure, even though it was slightly worse than expected. ;-) This may well follow through into the FTSE tomorrow. Either way I doubt that a rally will last for more than a few days before we see another sell off. With more doubts lingering over possible Fed rate rises (think the next one is a cert now), I don't think we'll see any kind of stability until the Autumn, by which time things could look a lot worse for equities. As ever, just my opinion though........

Good luck to anyone still in this market.

Strawbs.

Markets just don't like uncertainties...once things are known...it will bounce back

Dow up 95 as I write

A month since this thread was begun.

I'd be interested in updates opinions. ;-0

hlyeo98 you are right re uncertainties trouble is the june rate is 100%, according to the forward future rates but the next meeting after this one is at the end of august
so unless they become much clearer to the market in will remain in choppy.

No buying until we cross 11000, unfortunately, still looks very volatile, I personally have kept all of my stocks in my self invest isa, long term investments!! the rest I offloaded half, some at a slight loss!, dont like it at the moment and wouldn't want to be over exposed at present. Advice, unless you are very confident buy into one or two stocks only for rallies and try offload for smaller profits, still could go lower, I hope not too, I never short! only go long and am waiting to see if we can get back to 11000 on the dow before I decide what to add.

ellio, 11000 has been crossed now, are you going to get out of isa and get into the markets now... looks like a correction has been overdone last few weeks.