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.

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.

Dow long performing very well at least for the moment; will put stop loss in place before going home.

just bought a couple of gold contracts at $642.75 which is arguably $5.00 late

Added some more BIFF at 314 at the death.

More potential for movement still this week though.

Dow stopped out with 46 point profit = much better than nowt, and am glad to see that it is struggling its way up again

note the time ..... Dow has suddenly perked up; now 12146 mid and trending higher .... keep your fingers crossed boys and gals, but i think Dow will finish about 12200, and with luck a bit above ..... if so, that will undoubtedly spill over into F/E markets

not at all a happy finish in USA.... Dow finishing just over 12050 .... grasping at straws, the trading seemed generally quite directionless .... keep your fingers crossed and start praying to whichever god gives you most comfort