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.

for all that, F/E seems to have responded positively to latish recovery on Wall Street ..... Dow having indicated -39 earlier is currently +40

It appears to me several stocks are bouncing off increasingly stronger support levels, TMC has now been up and down from 210p level, CRA around 46p and TAN is holding the 150p etc, whether they will continue to hold in the event of 6000 being well and truly breached is another matter...

A very good discussion of the market falls of the last three weeks on this mornings Wake Up To Money on Radio 5.

Well worth a listen on the net if you missed it http://www.bbc.co.uk/radio/aod/mainframe.shtml?http://www.bbc.co.uk/radio/aod/

Mickey Clark, David Jones Etc.

Anyone know if DOW futures are expected to be up or down this afternoon?

dow futures up 70

Thanks.
U.K. stocks should hopefully nudge up a little more then, imo.

Harrycat, you can get US futures;


here


......and here;

turning nasty again , the dow 10 day chart is a classic pattern , lets see if they can hold the line

Thanks, e t. Appreciated.

One big problem with this Sub-Prime situation is that even some of the institutions don't seem to know the extent of their own liability, given that it would seem to undermine every thing about market movements at the moment....I will continue in cash.

so diff to judge markets at all at the moment ..... ran a modest FTSE short o'night, but with market looking more stable this morning, took the profit (better than a poke in the eye with a sharp stick) ...... within the last hour, FTSE has tumbled again, primarily i guess through fear of what latest US figures will throw up ..... if that fear is at least relatively unwarranted, then the turn-around (or at least immediate reaction) will also be sharp

Concur!

Australian hedge fund Basis Capital also said Wednesday that losses at one of its funds may exceed 80 percent because of further credit deterioration.

Basis Capital was believed to have had around US$1 billion under management before the blow-up in credit markets.

With the dollar/yen (among other yen crosses) continuing to fall, I guess the carry trade worries are back on the horizon..... I'm sure there was a level when it becomes painful to hold, so it might cause more forced liquidations.

Strawbs.

I havent read any of the lastest posts, but as ever I remain a bull. Results are still good if not the best ever for a lot of companies. PE's of the top fste350 are good and certainly not expensive. If I had the money (which i havent) i would be buying quality fste 350 stocks (excluding banks, insurance, supermarkets and water). Good luck what ever you choose to do.

Since switching to cash at the start of the year my (boring) return on investment has been just under 5%. The same in the FTSE 350 would've returned me -3.6%. I personally remain unconvinced that the markets will return to their highs in the short to medium term so my money will be staying in the bank. Except for a few exceptions, I still believe that the general trend will be downwards. If the FTSE (100) returns to the 4500 level over the next few years then I might be interested in investing again. :-)

In my opinion.....

Strawbs.

im about about 15% down overall and obvisouly a little worried.

is it fair to call the present state of the DJIA a "wobbounce" then ? (as compared to the FTSE that is ...)

.

I like you Kiver, am also a bull.
Fingers crossed most of the tree shaking is over or at least the worst of it.