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.

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?"

Ouch ! not looking good is it ?
London down 184
Dow futures looking to take a big hit on opening.... we're doomed ! Pass the razor blades!

Got a feeling the dow might show a bit of a recovery by the close (imo) if not today, then Monday ! and if not Monday, then Tuesday and if...

think we need that man ,survived1987 , to come on this thread and comment , i was there but did not survive financially!

a bit of a buying spree on BAY @ the mo - is it that broker comment?

all 5 co's that i have sold this week (albeit at a loss/breakeven) down between 3 and 25% the rest are holding up well with the exception of RGM... grrrrrr

oh and its about time we changed the header of this thread...???!!!

the big worry is if any of the big funds have their stop-losses hit

Cascade failure....

Any suggestions on a new thread name.......

Strawbs.

best ask ellio , where is he?

New thread name ..Maybe Definate sell off ???

I seem to remember from somewhere that in the event of the big fund managers' stop losses triggering, the computerised 'black boxes' are requested to be switched off to stop a complete rout.
Looks like those holding predominately cash are smiling now!

the brakes were put on yesterday morning in new york , computerised trading stopped

speculation of a rate cut by the fed

IMO, the cause of wild swings is less to do with computerised trading and more to do with a burgeoning derivatives market. CFD and spread betting are so common now that any movement is wildly exagerated because the profits and losses available are wildly exagerated, by leveraging you would consider imprudent if a quoted company you held had the same level.
Strangely, there may be a chance that the disease and cure are one and the same, as highly leveraged bets are caught out by a sudden lurch, and the punters concerned lose so much, they stop doing it (for a while).
A reduction in the money being ploughed into CFD's etc. will settle the market, and fundamentals will out. Whether they are healthy or not is another point, but the market will find equilibrium. It is designed to.
All IMO etc................

prior to CFDs there were traded and standard options which also traded on similar margin, so your argument about same does not hold water.

and to save the comment, CFDs positions require a counterpart to buy/sell the balancing stock as necessary, which is/was exactly the same as with options

I didn't write they didn't exist. I wrote they were burgeoning.
Now your point doesn't hold any water.

ah well, you can't uninvent the atom bomb either! .... would never expect you to agree with anything i write (and vice versa most times), having seen such when i became boorishly repetitive about what a carp company SEO was - well still is, just

anyway, must be a racing certainty that the markets will gyrate terifyingly this afternoon, and goodness knows where they will close ...... both possibilites are real possibilities!