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.

Few things are ever as bad as they seem - and the present market situation is no different. It's 99% personal psychology, if you ask me. Market goes down - people panic and sell off and vice versa. The way I see it is if the market goes down it enables you to buy more shares. So stop thinking in terms of exactly how much money is in your account and start thinking how you can maximise your share holding. For if you think the market is forever descinding, why be in it in the first place?? If you believe the market will recover then you should now be share-building. When the market does turn upwards your holdings will be accordingly magnified. Keep buying is my advice!

Sorry, but I don't agree jj.
I see no reason to buy at the moment. Imo there is further downside, so why buy stock at a higher price than you need to? Of course, if you think that the worst is over, then you would be correct.

agreed

DOW futures currently down 128. So FTSE down again possibly this afternoon.

Dow predictions recovering quite steadily ..... low 12733; now 12776

Big spike down on dollar/yen. Now heading for support at 115....

Strawbs.

a sign of the day is that ICI, with a bid already in hand for 675, has been bashed by 13p down to 623 ...... notwithstanding a reasonable discount to allow for the time lag between bid and finalisation and some uncertainty as to all will indeed be completed, that is just ridiculous!

If it is the start of the bear market then we have had a good run, see chart bellowsrc="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=UKX&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR10&MA=50;200;&EMA=&OVER=&IND=VOLMA;MACD;AreaRSI;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">

Thats better!

better than what? ...... assume red = 25 dma and green = 50 dma ...... might be useful if you put in 200 dma and/or shorter timespan graph - say 3-6 months .... thanks

save you the trouble ..... Dow is supposedly sitting on 200 dma, but current indications are that it will open about 100 lower

Thats better ......the first chart did'nt paste, thats all not the chart looks better!

And wrong chart here is the one i tried to post.

the frustrating thing about all this sell-off / price tumbling is that (e.g CSR) the volumes are so small, but there seems to be much activity on th L2 screens, i.e ducking in and out without executing. Is this the action of the famous "black boxes"?

don't know, but shal (try to) hang on to CSR and several other decent quality companies, even if feeling obliged to dump others (PXC was not a diff choice) ..... the real prob for all is if you want/need to unload low-quality small-cap stuff; prob almost impossible, as i have regularly warned

OTT this , don,t know what to make of it , sitting here worried

un loading for me is not the problem (quote and deal), however, the crystallisation of the losses is. (and there you have it, I let the cat out of the bag).

Time to buy quality small-caps with good news out today.

For example - look at SER - announced VERY GOOD finance deal last night - $10m credit facility on very good terms. 'Only' up 15% today should have been 50%+ on a good day.

crystalising losses is always painful ...... got the t-shirt! ...... but judicious pruning is usually the best, if only to give some headroom when you might be tempted to buy