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.

Does anyone know if the equity settlement dates are roughly the same worldwide? e.g. T+3. I'm just thinking that if equities are being liquidated to repay the carry trade, presumably the settlement and pay back into the yen will be 3 days behind the stockmarket turmoil? E.g. Did last Tuesdays sell-off results in Yen payments on Friday, and will todays sell off result in a stronger Yen on Thursday? If so then maybe tomorrow or Wednesday could be a little calmer, before further falls at the end of the week.

Strawbs

The think the week will remain cautious or gloomy at its worse as interest rate is likely to increase in europe this week and ours on Thursday is due for a decision.

AL ..... my gut instinct is that there could be a decent bounce imminently ..... no real logic to this other than the basic fact that markets/stocks neither rise nor fall in straight lines.

put another way ..... i have already set a pretty tight stop loss (misnomer there!) on my nicely profitable Dow position, but that does not mean that iw ould then go long! ...... in fact, rather to my surprise, Dow has now resumed its freefall (-123)

cynic - DCB at some time - has to be. 6k / 12k are round numbers - give or take.

Am long UKX here, but aware it is faring better than other indices, e.g. DAX and CAC

DCB????? ..... Dow? ..... if so, have put limit at 11950 which i think is a solid support level, but may well remove that and just keep tightening stop

dead cat bounce

what has changed from a week ago??? apart from the asian market going down, not sold a share only bought, hope i prove to be right!!

brave (or perhaps foolish) guy to rush out to buy ...... plenty of time to sift through the rubble and find genuine bargains based on fundamentals, for lack of a better word, as opposed to just buying a share because it has dropped a bundle

Agreed,
looking more like a repeat of May by the hour, would wait, will be turbulent for next month.

It is a deja vu, steveo.

Broker on BBC2 working lunch also implying that due to rise in japanese interest rates & v $ & far eatern volatility that this week will probably see a further slide in the FTSE.

maybe, but my gut feeling is that we shall see a rally in NY ...... big Q is whether or not it can be sustained past closing time.

have just closed my Dow short if of any interest, and vaguely contemplating going long

My gut feeling it will continue to drop to around 12000 then rally.

Futs have been below 12k for most of morning, but are up to 12050 +/- now FYI

closed short at 12018 ..... have opened a small long Dow at 12052, but will be watching carefully

Good luck cynic, it's interesting to watch you play the markets. :-)

scares the shit out of me i can tell you .... lol!

Hi cynic why do you choose the Dow and not the s&p500?

no good reason ...... it's just the index that i have followed over time .... anyway, so far so good

bought more azm, kmr, ng. will tell you a couple of weeks how I got on.