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.

NEW YORK (CNNMoney.com) -- Futures markets began betting Friday that the Federal Reserve will institute an emergency interest rate cut this month in the wake of the credit worries that have roiled U.S. markets in recent weeks.

bet they don't! That really would be admitting to dire probs and would be likely to send markets crashing still further

i have my doubts cos the dollar will plunge causing even more chaos

things looking a bit dangerous now

nice quote:

"It is unwise bordering on imprudent to assume that terrible will not follow bad," Catalano said.

Hmmm! (the DOW) its bounced DOWN ... (or shall we say rebouded off the bounce). Its looking dire - I wounder wher AVE got the oomph from

sned , all sorts going , shorts closing i would suspect causing bounces , we will see

Y(W)anks rocking but not rolling yet!

at least that brings a really nasty couple of days to a close in London.
now we must all hold our breath to see what the evening brings and of course Monday

Grim !

2:20pm 08/10/2007


NASDAQ said Friday that Thursday was the biggest day in its history for total matched volume, with 3.31 billion shares traded. The Nasdaq said it traded 1.77 billion in Nasdaq-listed stocks, 1.13 billion shares in NYSE-listed and 405 million in American Stock Exchange-listed stocks.

never seen a summer like this one - i wonder how many holidays have been disrupted

Dow looks to be finishing quite close to break even .... that being so, there will be a huge sigh of relief round the world with a probable consequent surge in prices ..... the more cautious and wise will wait to see what happens in US again

i guess ITS DIFFERENT THIS TIME :-)))

no break on any of the indices

shorts always under the cosh when the fed stepped in although what the fed was doing buying dodgy subprime is beyond me

The FED on behalf of the American tax payers can afford to bail out the poorly judged lending activities of the likes of Bear Sterns.

Maybe things will calm down now...... until the next time anyway....

I suspect there'll still be some volatility for a while though.

Strawbs

I agree, tin hats will be needed again.

Roll on monday!!! A nice little bounce in the morning (mon) would be very good indeed for the bank balance.
Fortune favours the brave!

Hold on to your Blankety Blank cheque book and pen!

Well, imo, having seen quite a few stocks lose 7-8% on friday, I think there may be a short term bounce on monday morning. Then it will depend on the forecast for DOW futures, but from 08.00 to midday the U.K. stocks may well be worth watching.

tricky call for ALL next week ...... for sure everyone will be on tenterhhoks (actually used for stretching fabric; but that's a different lesson!) first thing Monday ...... as far as i can determine, the central banks and similar will do all they can to avoid a panic, but injection of cash is one thing and the steadying of nerves and sentiment another.

Dow seemingly fell a further 40 points after the close, but that may not be "actual" ..... first thing Monday, or even very late tonight if you can't sleep, will show how F/E markets have reacted and also how they have influenced expectations for Dow.

Wise up guys. This situation is a WHOLE lot worse than you seem to be allowing your intelligence to realise.
I've been telling you since May (see thread 'costly lessons to the wise') that huge market problems are clearly on the way.
Any so called "bounce" will be clearlry marked "DEAD CAT" and will last seconds rather than hours.
The FTSE 100 still has a long way down to go yet and will test the 5000 mark before finding itself in a position to start climbing again.
This may not be sweet music to muffled ears but there you go.    "Leave the falling knife for other fools to catch"   is my advice.




US loan crisis set to claim fresh victims

Read full article here




Hedge fund panic was behind global stock markets collapse

Read full article here




Don't plunge back in until Warren says it's safe

Read full article here




We have seen a lot of small fish brought to the surface, but we are waiting for the whale.
That will mark the low point. I would like to see one final shake-out.

Read full article here