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.

Seems like a time not do anything, so thats exactly what im going to, no buying or selling for the next couple of days then top up on the bargains with great fundamentals. ie kmr and azm.

Looking at some of the charts this morning, it seems that some of the initial panic may have subsided - a lot of the companies that suffered first thing are off their lows by late morning. Could be a brief respite, we shall see . . . .

blt a good case in point, buys and sells about equal but as fallen 5%, now on a PE of just 12 hardly expensive for a miner in the fste 100, fill yer boots.

Good Post soul traders ,now lets see how the US opens this afternoon.

Errr . . . , mad panic initially, followed by the gradual reassertion of common sense?

This may sort out which companies were overbought and those that were showing their true value.

Well the dow hasn't slid (yet) .

Dow up 5 points at the moment

Well overdone in my opinion .

Dow up 23 points now...looking healthy today

dont get carried away yet it might be a short term bounce? if at the end of the day if it can put on 50 + points then hold onto the gains tuesday it might look a bit better,the dow is the strongest index at the moment not much damage has been done yet? where as the ftse,cac,dax & sp have gone broken through trendlines for this year and all have gaps to fill.

Heeeeeelp I'm going under.

Don't worry driver you'll bob back up to the surface.

I think it's to late jimmy.

Interesting to see that just about everything has taken a bashing today - even small-cap pharmas and biotechs on my watchlists are in the red, so it's not just the commodities.

Meanwhile the Dow has barely moved. Is this a one-day dip or are we heading for a summer of discontent?

soul traders its more then a 1 day dip this is the third down day see my previous post the dow has come off its low but is well off its high as we are now entering the quite months for the markets, i dont think we will see new highs in the ftse until later in the year if at all dyor.

Well the dow finished UP ,see what tomorrow brings.

Part of the problem here is discerning the moods of the hedge funds. If it is true that one of the main drivers in the commodities market has been speculative buying by the hedge boys, putting a 20% premium on prices as I have heard, then surely when the hedgers unwind their positions or turn bearish, the whole market could fall quite far, quite fast - i.e. the worst may be yet to come.

Demand for the physical commodities e.g. economic growth in China, would not be able to compensate for the collapsing futures prices. Any views?

Having taken a pasting myself, I think I reflect the whole market - i.e. the good get thrown to the dogs along with the bad and the ugly

s traders the market has climbed a wall of worry over the last 3 years ie higher interest rates,high oil prices etc now traders/investors are taking note of any bad news ,i feel if we get a piece of unexpected bad news the market will fall further.