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.

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)

Well put, Skyhigh (post #57). The prospect of a soggy summer and losing the spectacular gains my portfolio has made in the last few months is just a bit too much for me to stomach, so I thought I'd do the safe thing.

I'm a bull at heart, but current news just looks a little too bearish, and on the commodities side I see the recent rises as possibly being a bit too good to be true. EVery time I look at metals like copper and nickel they seem to add another $1000/tonne, which reminds me of the spike at the top of the tech bubble (I got burnt then, too!).

Don't get me wrong, I think that when the market sorts itself out, there will be lots of bargains and also lots of solid co's with good prospects - and it's at that point that I'd like to have the financial fire-power at my disposal to purchase some new stocks, rather than just watching all my recent profits go to zilch.

the market can remain irrational longer than you can remain solvent

forget who said that but it's always worth a reminder!

Nicely put.

markets like to worry

just a few short weeks ago markets were largely ignoring 'inflation worries' now they have come back to bite hard and there is also the additional Iranian saga that is almost certainly going to end in military action, it's just a matter of when.

did somebody mention the Iranian oil reserves????????

Down 170 points at the close - that's almost 3%!! More glad than ever that I took some profits.

looks grim trouble was not many saw it coming including me

Better don your waterproofs, Woodie, I think there will be more stormy weather ahead tomorrow morning, given that half of today's fall occurred just before the close of play.

and the dow & sp are at intraday lows,cant belive on the seo thread they think that stock will buck the trend.

Or even "buck" the trend?? You're dead right. Jam tomorrow is going to be tears today, IMHO.

st thanks thats what happens when i try to do 2 things at once lol

Are we going to recover?

i dont think so to much damage has been done as i said in an earlier post you might see an high at the back end of the year but that is a long way of to tell

Phew! Got burnt today along with the rest of the world, but thank goodness i do not own any heavyweight mining stocks and that i lightened my portfolio significantly over the last few days. As snappy said, logic has no meaning when the market gets into a panic, but what is as difficult to know is when it will turn itself round again, as assuredly it will.

Of course the market is unnaturally skewed with its present market being heavily overweight in mining and oil stocks ..... It looks great when hard metal prices are rising but of course stinks in the reverse mode.

It is quite interesting to note that stocks like VOG and more especially EME, which one might have expected to be whalloped, went relatively unscathed.

My inclination is to sit tight and sit on your hands if you can bear the pain.

i think vog would have be walloped more but for the drilling report this week dont know about eme so cant comment

Popped in from traders thread.
As you can see UKX is retreating to 200 ma from where you might expect support??
Im long UKX 5691/ IDNX 1601

Woodie ... I am sure you are right, but positive RNS there was, and it is not unreasonable to expect the other ones due at regular intervals to be any less so .... sorry to sound such an unbounded optimist about VOG but I am!

Iain ..... I am afraid i think you are one brave bunny! ..... Looking at a different chart as supplied by a guy I trust in these matters, next stop may well not be until about 5450.