rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

with Dow hovering either side of -200 for the day, i closed my ftse short to bank a nice little profit for the day ..... Dow may fall further tonight, but i don't feel like monitoring it, and actually, i would expect to see a recovery later on .... just a little bonus profit as were my long positions earlier in the week - never to be knocked in tricky times!

long UKX @ 5256 last night

braver than me, but i wouldn't want to be still short either - see above

you've got to be in it to win it as they say cynic, taken nearly 1,000 points from UKX and INDU over the past week in both directions and to be honest should really have had more had I had slightly more balls! I love this volatility - it's dreamland for traders :-)

yes it is, and i too have made some nice profits in both directions in the last couple of weeks, but i feel the current scenario makes it particularly difficult to determine where we are headed next

I don't care too much as long as I make points! :)

Brave to call this on Monday.

doesn't not look to have been a smart move by splat - ftse currently indicated to open at +/-5200

Over 52 per cent of the UKs GDP is derived from public sector activity, up from 39 per cent in 2001 and 29 per cent when Labour took office.

GDP growth is an illusion financed by public sector debt to buy votes

It almost worked

Chart as of 2007/8



"The figures mark an important turning point for Britain, which historically has prided itself on being a nation of private enterprise and endeavour.

They do not include the costs of part-nationalising failing banks which could push the levels close to that of communist countries. "

Henrik Braconier, who studies Britain for the OECD, said the figures definitely signified that something was wrong in the economy.

"GDP growth is an illusion financed by public sector debt to buy votes"

Add to that the distortion in unemployment figures by keeping more youngsters in extended education (aka university).

A pretty false picture....

TP

Over 52 per cent of the UKs GDP is derived from public sector activity, up from 39 per cent in 2001 and 29 per cent when Labour took office.

I'm sure that is just a typo by the 3rd party it was cut'n'pasted from, but I don't think that's correct, by virtue of the fact that the public sector makes fcuk all and therefore contributes next to nothing towards GDP. I would've thought the article is meant to read something like "Public sector net debt, expressed as a percentage of GDP, was 52.9 per cent at end of March 2009."

Updated statistics have recently been released public sector debt now stands at 62.0% as at the end of March 2010.

There's a big difference there between what has been pasted and what is accurate.

no hilary

the figures are correct

it has nothing to do with debt

which as you point out is even worse at 62%

we all work for the public sector - it's called being a taxpayer!

and 62% doesnt include PFI

National Audit Office Value for Money Report

Future payments across all PFI projects up until 2031-32 amount to 91 billion in todays money.

long more UKX @ 5203

all very interesting i am sure, no matter which way one wants to manipulate or present the figures, but in many ways, so what?

i am just a dipstick entrepreneur (i suppose) who produces nothing.
however, our little service company is 95/98% export/overseas based, so that assuredly adds value to the uk economy, even if indirectly.


from a productive point of view, public sector work - e.g. road building and similar - assuredly provides employment and thus tax receipts and of course keeps money moving around the economy

as i said, i know i'm frightfully thick, but other than the fact i don't like the ever-increasing "big brother" interference in our lives, what's your problem?

don't mention the state of the roads

not round here anyway
:-)

out UKX @ 5559 for now +29.5
smart enough for me cynic

splat
nice trade

but you could have posted that trade at any time since 7 am

why wait until ftse is at 5240 ?