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.

Indeed. Just like most market tops. Fundamentals are good, there's nothing to worry about, it's different this time........ Years of excessive greed end in a short and messy rush for the exits, as fear takes over and the markets swing wildly. The question is have we reached the tipping point yet, where selling forces even more selling and forced liquidations......the domino effect?

Strawbs.

Nothing much on Newsnight, either wife (who said there was some coverage on the subject ) got it wrong or they pulled the story.

wish i could answer that as i would be piling on the sept and dec shorts but as i have said on the technical thread i believe we have to break 12k on the dow first and there seems to be plenty of money still in the markets from the number of peeps buying the dips

For the ECB to flood the markets with so much money there must be something going on out there, whether it's a real or a percieved risk. If the dominos start falling and the carry trade unwinds quickly then 12K could arrive pretty quickly....... Alternatively I suppose they could bounce 400 points tomorrow..... :-)

Strawbs.

the US punters are mad enough to drive the dow back the whole way tomorrow if there is no more bad news

Brace yourselves ! batten down the hatches ! Big market falls on the cards today!

most of portfolio appears to be at support levels now, although i have sold off more this morning, think this wont go away quickly, when this latest rally petered out, i fear confidence is dwindling more and more...
i think it is time to sit it out for a while and wait and see just how much the US problems are going to hit world markets.
My opinion being there will be plenty of time to buy some good co's at bargain prices later, or at the least i want to see something positive in the news and press before investing any serious amount, at the moment its all doom and gloom...

Always protect the downside isn't a bad motto.

from memory, and i'll try to check it out, there is an alleged(!) Dow support around 13200, which is where indicator now lies ..... can't say that encourages me take out a long pos though!

glad i took my profits in both ICI and RSA yesterday ...... BARC and PMO have taken a bit of bashing, but fortunately, most of my other holdings are relatively unaffected

Can't imagine too many people going long over the weekend with all this volatility. We might see a short covering rally though as being short over the weekend could be just as dangerous.... :-)

Strawbs

straws , as you said last night , everything depends on if there is a cascading effect.

so many shares to choose from...
could be a time to build a stake in TAN, if an autumn rally is on the cards i still think they could be 220p+ by year end...

Can anyone tell me please, is the DOW expected to recover this afternoon? I can't seem to find any predictions at present.

dow futures down 50 , 20 minutes ago - who knows?

now 78 and falling

My prediction i(for what it's worth) is that'll bounce back and regain about half yesterday's loss...

If you look at the MoneyAM home page in about an hrs time it'll show the futures for the dow and is an indication of if it'll open up or down

So there may be a bit of a recovery on U.K. stocks in that case, which makes a little bounce very tempting! Will it, won't it............?

go FTSE go, down 164 and falling...

My guess. For what it's worth. Bad open, slight short covering rally, worse close.

My theory being. Some will want to get out straight away. Others will close any shorts taken out yesterday in case it suddenly starts to bounce. Late sellers will dump shares into the rally, and nobody will want to risk being long or too short over the weekend.

Of course in this volatility absoloutely anything could happen!

Strawbs.

don't need to look at MAM ..... can tell you now that indications are for Dow to open at 13170, which is down >100 points on last night's close ...... very very bleak indeed

and as always the question is "are there any buyers left?"