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.

I agree steveo, ordinary thinking yields ordinary results, but i dont believe the best strategies have to be complex.
I use the kiss strategy .

so tell me, which way do you think the crowd are going and are you betting against their sense of direction? ....... You have avoided nailing your colours to the mast so far

i have been unloading some last couple days, in anticipation of more negative news, i still dont think it will take much to see them tumble again... i still have plenty in the market, which have done well today...

The kiss strategy sounds interesting!
Anything to do with jumping in with both feet & kissing your ar*e goodbye? :o)

Yes!

Ted .... i think your strategy is correct ..... as we have seen, when the market tumbles it is indiscriminate and violent .... bit like a wife really

aye yes, i recently disposed of her too...
so far a good move... lol

Well, we are all now sitting on a modest profit hopefully & wondering whether to cash in tomorrow morning on the expectation of a big sell off in the afternoon, or to sit tight & hope the trend holds in to next week. It's the tricky "glass half full or half empty" question.
I am tempted to watch & sell in the morning, based on the consensus of opinion being that there is going to be another dip.
I used to be indecisive, but now I'm not so sure.

at least i have long gold and short Dow as some insurance

so glad i'm a 'glass half full' kinda bloke who topped up a bit. Now the the question is do i take the profit on azm. Also topped up on kmr and acc but only up a little at the mo.

Kivver, just read your profile!!! Awesome!!! With a profile like that you deserve.........well, good luck!
Half full is the way forward,........... I think. :o)

12300???????

not nearly as sanguine as ellio .... market certainly fell too far too fast, and is typically now performing the reverse trick

It doesn't seem to want to regain the gap

Weakish finish on Wall Street; pretty weak start to London; weekend about to start ..... down seems the obvious call, but by how much?

Think they're all waiting for non farm payrolls......which means it'll probably come in as expected and still leave everyone clueless....

Strawbs.

US employment data at 1.30 GMT will determine. I'm about to go away for a long weekend, so I'm staying out. So many different opinions, points of view - I can't believe I'm being so risk-averse!

IMO, we still have further to go down, but I will let the charts show me.

Good luck to those who dip their toes in today.

Steve

the employment data will be interpreted whicehver way the market feels inclined ..... if strong, the market could either decide that indicates more underlying inflation or that yippee the economy is still strong ..... if weak, proof that recessionary times are just around the corner or that yippee inflation and/or rate rises have been pushed back

Dull, Dull, Dull! Everyone watching & waiting for the DOW to open?

US employment data will be fundamental (1.30pm our time) IMHO.

...Could go either way.

Edit:
http://www.moneyam.com/action/news/showArticle?id=1830111

Thanks to Kyoto In the Investor's Room