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.

Sam Stovall, chief investment strategist with Standard & Poor's Equity Research, added that the market was long overdue for a drop like the one seen Tuesday.

"Corrections hurt. But this is not something investors should get too worried about. The market has been in need of a digestion of gains for some time," he said, noting the S&P 500 has not fallen 2 percent in one day since May 19, 2003. "Usually you have big pullbacks at least once, if not several times, during a bull market."

still reckon the bulls will be out bargain hunting from the bell tomorrow... might open at a low point and climb til mid morning...

the frightener was the clamp down by the chinese authorities on what they describe as illegal speculation or similar by their nationals.

Steve .... those "funny" after hours indicators are often just that

Harris' Ablin said Tuesday's market slump was probably a good time for investors to add more stocks to their portfolios, since he did not think the sell-off would last long.

"Any pullback will be more of a buying opportunity than an indication of more to come on the downside. Investors are nervous since we haven't seen a meaningful pullback during this rally," he said. "Perhaps this was the catalyst investors needed to pull the trigger."

to pull the trigger to do what? ...... don't ask!

Reality finally sets in, eh?

I'm buying nothing until this sorts itself out!! ;-))

still probably presents a buying op for quality co's with good earnings.. after all the companies are still doing exactly the same as they were last week... co's that are high multiples, overbought or not producers may get hit hard...

Ted - you often find it is irrelevant once the steamroller gets going. They all get hammered. It's illogical, but who ever said the markets were efficient? ;-))

Just keep an eye on things is my thoughts and try to pick up bargains at the bottom - we may not be there yet. There's often further fallout.

AL ...... glad i sold a bundle even before yesterday's debacle, but portfolio still inevitably pretty bruised ...... i agree that it is too hard to predict quite how the market will react next ...... in the past, we have seen instances of both further falls and almost instant strong recovery

In my opinion there'll be massive short positions being covered that will push the price up, followed by selling into strength and new short positions taking it down again. There could be some very big swings, and if the technology can't keep up again, they could appear within seconds from nowhere.

Strawbs.

Out of all the news It's the Greenspan comments that I'm mosted concerned about, waiting to see what the Dow does this afternoon I think.

Yeah, and what's a good way to start a recession.........have a major stock market crash. :-)

Strawbs.

Massive drops with very small amount of shares traded, i think this is a good sign, and now topping up with bargains. How many books do you read which say ''when everybody sells, this is the time to buy''. Kenmare one of the bargains at 41p

Actually the best time to buy is when everyone's sold, not when they're still selling. But if you're buying. Good luck. I'd avoid anything that's done really well in the last few months. The biggest profits tend to attract the biggest profit takers.

In my opinion.....

Strawbs.

and how do you know when everyone has sold? .... lol

As for mr greenspan, surely his comments are now 2 days old or has time done funny things for me?

i feel like a bull bearing...

Easy. When nobodys talking about the stock market anymore and how much money you can make, only how much they lost.

More economic news in the States today........wonder what happens if that's bad (or good for that matter).......

Strawbs.

anyone got info on current dow futures...? did i read somewhere they are forecast to open strong...?

currently reckoned to open +50/60

DOW being called +50 currently