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DOW down 300 points today. A BTFD moment and 300 points higher tomorrow or the start of something more corrective downwards?

Stocks and PMs both sold off so a dash for cash or a storm in a tea cup?

Lots of US sites saying the sell off is over fears of IRs rising sooner.

Discuss.

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Carney has made a nice play being dovish, dovish, dovish.....and then suddenly not. Well at least in his rhetoric rather than any actions.

I could see why Yellen might want to follow a similar play book to talk some hot air out of some asset prices.

After all these guys all just copy each other's homework!

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Fed Jackson Hole meeting on Wednesday - no doubt Yellen will give some Carneyesque type speech re interest rates. From then on it is the run up to the US November elections so I suspect they will do everything to make the market go higher between now and then.

Edit : typos.

Edited by The Masked Tulip

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I'm guessing there will be no dips now for some time. The FTSE 100 still riding over 6700 despite the oil shock looks invulnerable and may indeed make the 7000 in the coming months.

As a seller at 6700 a couple of weeks ago I expect to be sitting on my hands now. Would be nice to see it crashing through 6500 again, but somehow I doubt it will in the near term, if ever.

We probably need the fear of a general election in one of the most politically divided and unstable countries in the world, the UK, to bring about Market panic.

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Well I got that one spectacularly wrong. Still I'm clueless as to where it might go from day to day, just watching it to buy on dips and sell on peaks. Erratic is good.

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Well I got that one spectacularly wrong. Still I'm clueless as to where it might go from day to day, just watching it to buy on dips and sell on peaks. Erratic is good.

Respect for coming back and putting your hands up.

Your only way is up post pretty much marked the peak last week, we may have a new contra indicator.

I've not got a clue what's going on just or what's going to happen. Sitting in cash just now but it's a bit scary how that got decimated din Russia

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Respect for coming back and putting your hands up.

Your only way is up post pretty much marked the peak last week, we may have a new contra indicator.

I've not got a clue what's going on just or what's going to happen. Sitting in cash just now but it's a bit scary how that got decimated din Russia

Still a couple of grand up this quarter, but caught out by buying back at 6444. Should have been apparent then that the oil shock was a big danger.

Seem to be in good company with Gates and Abramovich switching their attentions to the FTSE...As I mentioned on the main forum.

May be it is one of the safest games left on the planet. What's the alternative (Ok i''m using a biased base of 1999)

Gold up 4 times

Houses up 2.5 times

Dow up 75%

FTSE down 15%

FTSE 100 is one of the few assets not in the stratosphere. Indeed the yields are inverted....twice that of cash in a five year fix, for example. Historically that would be reversed . May be 6% typically on a five year cash fix and 3% dividend.

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