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.

Cynic, I was going to offer to add a slug of bourbon to your cuppa. The other method of achieving senselessness I will leave to your wife or other partner/sidekick/etc . . . .

I think I'm going to kick out half of my NOP holding as I want a bit of cash ready, however I think VOG is likely to produce enough good news in the next few weeks to be worth hanging on to. My hands would be tied if I sold as my employer won't let me buy stuff back for 30 days.

EDIT: I may change my mind about this. Just found out that NOP has today announced a 20 mil placing plus other activity. Under any other cirumstances the SP would surely be rising. Curse these uncertain times!!!!! :o)

Jimmy b, yours is on the kitchen counter.

By the way, VOG is currently trying to recover a bit .... more than can be said for EME

Quality will out, or something. Trying to sort all this out is giving me a headache. Where's that bourbon??

At the moment, quality and logic do not have much influence on this market ...... all sorts of peeps being badly squeezed and/or feeling it necessary to lighten their risks and exposures .... self included

At least FTSE is up 25 points now...hope this is the beginning of a recovery.

as i commented on the Traders Thread, let's hope this is not going to be a 48 hour wonder

cynic
Never mind your VOG and EME my DNX is about 150p down from last week.

I know the feeling driver .... am currently feeling a bit punch drunk, but all should be now safe n sound unless EME drops me in the shit

should be a good day in us the ppi figs came in better then expected.

I think we might have turned the corner. Still got a sore bum though.

LOL
MS

micky hopefully but to early to tell could be short covering for the main indicies

It is too early Woodie but fingers crossed.

LOL
MS

FT.com's end-of-day round-up reports nice bounces for all the major commodities.

READ IT HERE

Yup reads well ,st but as cynic said (quote)
quality and logic do not have much influence on this market ..,,,,and over the last couple of days that's been the case ,i'm watching and waiting.

still looks like the ftse is very weak well of its high and now gone red which is disappointing as all other major markets are well up on the day with the dow fut up strongly.

looks more to me then a Dubious sell-off ?

Potential interest rate rises could be a bear indicator?? WDIK but the mood of the market seems to have about-faced altogether . . .

In such a situation it's no good kicking against the pricks - might one not be best off reducing some positions early on and waiting till things improve? It's a toughie, because I'm convinced of the merits of most of the stocks I've invested in, however it's no good if the market says different.

Cynic's point about reason and logic says it all, really.

EDIT - I have done the deed and cut back my two biggest positions, which between them accounted for around two-thirds of my portfolio, which is just too much if the market is going bear-shaped. I may miss out on some profits, but at least this way I'll be able to sleep at nights and hopefully get in on some bargains when the market sorts itself out, or even buy the same stocks back at a lower price if the madness persists.

Agree, the spectre of USA higher inflation and interest rates having a big impact. As said earlier in the week = What a bummer of a week !
I'm showing greater losses today than yesterday and the day before .. from delayed fallout..

I still think it's a sell in May and go away big time... FTSE could still go down to 5500/5600 for a 10% sell off from 6100.

Will wait for the dust to settle and then top up on a few that I think will do well ie

Ugh! it's getting worse ! now down 111 points today and falling ! It's grim !
5500/5600 beckons... if it falls below this- we'll bottom out at 5250 (imo)