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.

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"

Black and blue maybe Cynic. :-)

Looks like it's come back a long way from the -300 of earlier though. Guess the final hour will be key again.

Strawbs.

Should have put your money on it cynic ,good call.

one hell of a squeeze

Wow! what a comeback. This is better than a Rambo movie

far too dodgy and am out of rhythm so too likely to make wrong call ...... u may remember that early in the day i said Dow would rally from the off ..... BIG error and had i put money on it, for sure would not haver had the balls to sit tight

actually predictable, i thought...
still say our economy is in good shape, in general, inflation more like it, interest rates to go down next imo, people still going on holiday and buying new cars, company profits looking up, low un-employment, strong demand and low supply of houses, (although i believe a correction is due in autumn, in house market) but i think to wipe 40b off of UK top co's in a day is a tad overdone...

trading curbs stopped the rot.

On Sunday I told you (post 845) how the DOW would crash this week and it did.

Today (post 933) whilst the DOW was well down I said I was going fishing for bargains tomorrow - the DOW has since rebounded.

So listen up!

Number one on the shopping list is Experian (expn). It's the only FTSE 100 stock you can trade without having to pay stamp duty
and came onto the market last October at 560p. Was over 630 a few weeks ago and has lost 15% of its share price over the past
week alone. Unjustly! Experian has an excellent management team, has interims out next month which will give the sp a timely boost
and is a stock that has attracted nothing but BUY recommendations from brokers.
Well oversold imo and a scorching -ney screaming- buy.

wrong about being the only stock where u do not pay STD.... the rest, hmmm..!