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

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Good Call Mr.C but some very cheap stuff to put away for the future, there will be a bounce up when most of the bad news calms down, and Greese are allowed to default and thrown out of the EU.

Looks like wednesday will be the crucial day for data from the U.S. Crude oil inventories, durable goods orders & speech from Ben B on state of the U.S. economy.
Hopefully, monday & tuesday will be 'recoup losses' days for me!

Not looking too bad for next week?

it would be far better if greece was allowed to sink - i remember reading once from long ago that greece are 'lazy gluttens & liars' not my words i hasten to add however it seems that judging by the way the economy has been run there this is probably correct - retire early short working days excessively huge public sector workforce etc etc oh and the olympics didnt help them - look at the state of the stadia built for that and where it is now - falling down - add to that that uk has olympics soon we will have similar problems as much as the uk wants the olympics we simply can not really afford it but hey hoe!!

anyhow strong whispers are that greece will be allowed too fail and plans afoot already - unless the euro community has gbp 3 trillion to spare (give or take a few pence!! LOL) and not just greece

gla

bounce will happen - and when it does those brave enough to buy now will reap the rewards big time - just like a few years ago

oops just seen this as they say publicly 'no plan for a greece default' well yes - all politicians are skilled liars - never answer a straight question in public - but behind the scenes it is very different - very interesting week ahead! gla

& hang on to your hats!!!

25th September 2011

IMF warns on funding levels if crisis worsens
EU and IMF inspectors are due to return to Athens this week Continue reading the main story
Global EconomyTurmoil and you
Factors behind market turmoil
Has Western capitalism failed?
Euro crisis origins
Watch
The International Monetary Fund (IMF) has warned it may not have enough money to bail out larger eurozone countries if the debt crisis were to spread.
IMF chief Christine Lagarde says the global lender can meet its current obligations but this could change if the crisis worsens.
Publicly, world leaders have said there is "no plan" for a Greek default.

But reports suggest leaders are working on a plan to allow Greece to default on its debts and remain in the euro.
It is believed that policymakers feel they need to concentrate on recapitalising banks and boosting the funds of the European Financial Stability Facility (EFSF).

BBC business reporter Joe Lynam says that the plan to increase the EFSF's financial firepower could see the money available to bail out EU banks and member states rise from 440bn euros ($596bn; 385bn) to about 2 trillion euros. (i heard much more than this!!!)He added that the plan could also enable the European Central Bank (ECB) to buy more Italian and Spanish bonds to prevent those two countries needing a full bailout.

Meanwhile, Antonio Borges, the head of the IMF's European department, has urged the ECB to play a bigger role in fighting the crisis.

"It is very important that we see a combination of the ECB and the EFSF," said Mr Borges.

"The ECB is the only agent that can really scare the markets."

'Back to the 1960s'

Ms Lagarde will meet Greek Finance Minister Evangelos Venizelos later.

Greece's minister for international economic relations, Constantine Papadopoulos, said leaving the euro would be "catastrophic" for Greece.

Continue reading the main story
Start Quote
On 13-14 September about 100+ movers and shakers took part in a conference and "war game", modelling solutions to the euro crisis. I am reliably informed this was not just a "what if?" but has - given the result - influenced crisis management in the non-war game world of Washington DC
End Quote

Paul Mason

Economics editor, Newsnight

--------------------------------------------------------------------------------
Read more from Paul
"I personally think [leaving the eurozone] would take us back to the 1960s or 1970s," he told the BBC's Andrew Marr programme.

He later clarified that he was not referring to the political situation at the time, when the military took power in a coup, but the standards of living and the structure of the economy.

This week will see EU and IMF officials return to Athens to monitor the country's progress on its deficit reduction plans.

Greece is still receiving money from an initial rescue, agreed in May last year, although it will not receive the next tranche if inspectors rule that it is not keeping up with its spending cut targets.

Analysts say this is a real possibility.

Without this month's loan, Greece will not be able to meet its debt payments by the middle of next month.

A second EU-IMF bailout was agreed for Greece in July of this year but that still has to be ratified by the parliaments of a number of eurozone member states.

I saw today German banks can cope if greece goes down the toilet, without re financing.

indeed - another nail in greece's financial coffin - as you know the germans have imo the biggest influence followed by france who always look after themselves first

Yes who are France?

exactly! lol

Anyone for 11,000 on the DOW today.

LOL.

double lol!!

Yeah, why not skinny! Maybe by end of play tomorrow though. Lets not be greedy!

lol, maybe next year. Europe debt crisis will drag world indices down to record lows. Short is the way to go. Easy money.

Just been stopped FTSE long +100.

We can but hope :-)

Maybe you jinxed it skinny lol.

Dollar Index showing some strength this morning, any weakness and rally on is my bet, for how long is another story :O)