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

The DOW has now been in the longest decline since 1978. All 2011 gains now gone.

The biggest single day point loss was 29th Sept 2008 (778 points) After the house
rejected the bank bail out.

we're all dooooommmmeeeddddd

Is Bernankes speech tomorrow?

His speech is not going to be good reading for the US.

Global economists have called on the European Central Bank to if necessary
purchase half the entire stock of Italian and Spanish debt.Also to start quantitive easing on a massive scale.

anyway it has to be something bolstering confidence , if not state tomerrow by fed then it will set a panic..btw economists from jp morgan, bnp paribas and goldman says bernakie and pack may maintain record stimulus by hold its 2.87 trillion ballance sheet steady for ~ extended period~..whatever that means...just bring it on...

One good thing to say, when the rebound comes it will be the mother of rebounds as the market is so over sold. Had to print some good news.

politicians by keeping things to the last minute and fail, put investers on the edge, now investors or big guys rather or market shakers finally bounce back taking market big time down and making gov to step in and pay for it now..f...mental.

I just hope this is the 2012 people have been talking about, come early and not the fact 2012 is going to be even worse.

early or not , just shoot Boehner.

.

http://www.bloomberg.com/news/2011-08-08/s-p-seen-surrendering-to-tea-party-at-expense-of-u-s-taxpayer.html

Glad to see your on here harry.....was just going to ask your mother if you were out looting in london!!

Scary looking VIX chart...



Not expecting much support from the Asian markets (massive selling going on now) so a bloodbath on the FTSE at opening seems quite likely.

Looks like cmc were showing UKX @4720 in the early hours!

-132 at the open of FTSE? Not too bad considering DOW performance. Down 1.5% - 2.5% in the Far East. We shall see.

-90 at present

lol now that's confused everyone!

Just going +ve

Suckers rally?