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.

It didn't last did it. How will asia react come monday? Could be a rocky week ahead.

Re May, will there be a rally until then followed by a more bearish market or will it trade sideways for a while as an average with regular volatility as last summer? Or down then up or just down? Wish I knew..gonna sit on the fence on that one.

Keeps your brain active this game doesn't it?

so glad im a glass half-full type at this time, made a nice profit topping up thanks to all the bears with negative sentiments, thanks guys.

worked in both directions depending on your timing

Don't rule the bears out just yet. The original sell off appeared from nowhere and the next one might just do the same.

Strawbs.
Who's glass is totally empty. :-)

It would seem that cynic's forecast of "up & down like a whore's knickers" is coming true. Many stocks seem to be taking a hit for no particular reason.
Does anyone know if the first week in april is a sell-off time prior to the end of the tax year?

Sometimes, although often you see a bounce as all the end of year ISA / pension / fund money pours in. The whole thing could fly until April 6th in that case.

Toss a coin? ;-))

Probably has something to do with the Yen strengthening again......carry trade fears added to yesterday's "sub prime" problems....

Strawbs.

Iceberg, of, tip, the

Please re-arrange for the financial nuclear scenario with regards carry trade. ;-))

Think I saw somewhere that 114 on the $/Yen is the level where things start to get very interesting. By interesting I mean bad.......

Strawbs

could be fun tomorrow morning, dow currently down 200ish...

Hmmm... Nasdaq volume tracking over 25% higher today, NYSE volume up over 20%. Nasdaq rose yesterday but on lowest volume day since December 29. Indicates attempted rally will fail, and that the correction has plenty to run. FTSE to test 6,000 by the end of the week?

Steve

and Dow quite likely to test 12000

Glad I'm still in cash, although I was tempted to get back in beginning of the week.

Did you play the indices Cynic?

Steve

Lovely job. GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!

;-)

Typical - I was out of the office all day and missed shorting opportunity :(

Oh well - there may be more days like this to come.

Steve

Dow 11700 target?

We'll see

first support is likely to be 12000 or fractionally below .... if it falls below that, then 11700 may be next, but can't remeber off-hand and of course it will not straight line either

cynic

12050 is our latest support, thereafter I've taken a measured move from recent highs which happen to take us right back to 11700, which was the high before last May's sell-off. Handy eh? ;-))

Hmmm. Could be messy in the morning. Two weeks ago the selling followed the markets around the world, and will probably do the same again. Selling last time was also across asset classes, which might indicate a need to sell "anything" to cover margin calls. If there's a large amount of leverage still in play, the second sell off may well be deeper than the first.

Take care out there everyone....

In my opinion......do your own research......etc.

Strawbs.

Are you in for a scare today?