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.

thanks Al

CWP
EK may not be wrong, though sp plummeted in mid July from 800 ...... see chart below

Honours even I think!!! :o) Can we move on?
DOW down 166 so far & not looking likely to bounce today.
Anyone disagree? Thus another torrid day tomorrow???

HARRY ,i think there has to be a corrective bounce at some point ,if it did it today i'll go short ,but to be honest it's getting a bit too hard to call now.

Q ..... Dow is currently -180/190 and trying to weaken further ..... will last hour of trade bring redemption or foreclosure?

i have it down 241, or is this history? (I think I am gonna be sick - 252 now!)

history ...... it's now down 250 ....but now recovered sharply to -238 .... lol!

FREEFALL

with luck, there will also be some bungee elastic to provide at least a short respite, and short enough so it comes into effect before you/we smack into the ground

I'm not in anything at the moment ,trying to trade the FTSE ,DOW ,Currencies etc with mixed results..

i had a good run with both FTSE and Dow trades, but cocked up last night by being greedy and thinking recovery would continue while i abandoned the screen for 1/2 hour for dinner ....... for about 10 days or so, i seemed to get into the rhythm or whatever, of calling correctly ....... never got too greedy nor left positions open overnight, so netted a few bob .... reckoned there would be a rally from the open on Dow, but fortunately did not put money there - phew!

Re my predictions for the week (post845) - SPOT ON !!!!


.......now's the time to get out that trusty old financial rod and go do a bit of fishing - time to reel in a fish or two.

There -300 pts !!! DOW down.

Dollar/Yen now 112! I think this started as a credit crunch and is rapidly turning into a fast carry trade unwind.

In my opinion.....

Strawbs.

news piece on 6 o'clock BBC news

The title of this thread says it all: DUBIOUS sell-off.

Extremely dubious.

of course .... why didi we not realise ..... it's all a figment of the imagination!
meanwhile Dow battles back girlishly to only -200 after -300

Nothing dubious at all about it. The whole market, as with many asset classes, has been over-inflated by cheap money that could be parcelled up into debt packages that attracted a good rating by the rating agencies. They were wrong and it all has to unwind.

How much was everything marked up on the expectation of an M&A from private equity, the funds for which have rapidly dried up this past couple of months?

How much leverage were hedge funds using to trade asset classes higher?

Everything is selling off indiscriminately becasue it's time for these profligate outfits to start paying something back. Unfortunately it would seem greed got the better of them. It'll come to UK housing within 18 months too, IMO.

indiscriminately is the key word .... there's all sorts of trash that has been trashed, including for sure some of my own holdings, but the discount on ICI (for example) against the t/o price is ludicrous

Dow now down ONLY 135, so my bet (no money to change hands!) is that Dow finishes blue this evening

nice turn of phrase - "this bull could soon look like a hamburger"