The FTSE is not exactly falling this morning...

[johnfm]

..it is only down...no, as I type it has gone into the green.

So, WTF??

[cs02rm0]

Dead cat bounce?

[NoelWatson]

anonymous said:

[redacted]

I am looking

[Timmy35]

Equities have all the logic of a coach load of excited school girls. That's why I avoid them like the plague.

[tricky69]

markets still expect the bailout to happen... lets look again thursday

[shadowninja]

The market can remain irr... oh, you know that already.

[carter711]

Ban on shorting means it can't fall aggressively, the fall from yesterday was just termination of longs.
Market awaiting next directional news, having a breather.

[tricky69]

carter711 said:

termination of longs.

what do you mean ?

[carter711]

Investors that were long (bought ftse) decided that the FTSE isn't going ot be going up anytime soon (due to US bailout failure) so sold to close out positions.

[Chilli]

carter711 said:

Ban on shorting means it can't fall aggressively, the fall from yesterday was just termination of longs.
Market awaiting next directional news, having a breather.

As you've said, a systematic dumping of long positions can cause the FTSE to fall, without the "shorters" there.

I agree with the market having a breather.....and I'm itching to go long.

[anonymous-user]

I think it's because of this.

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[tricky69]

carter711 said:

Investors that were long (bought ftse) decided that the FTSE isn't going ot be going up anytime soon (due to US bailout failure) so sold to close out positions.

stop loses then ? I expect it was more to do with how thin the market is at the minute, can't get anything done. Stop loses obviously pushed it, but no one is buying the market plumets.... we had a lot of '' YOURS AT BEST'' coming from our equity desk

[tomtom]

tricky69 said:

stop loses then ?

Not necessarily, just closing the positions.

[carter711]

tricky69 said:

carter711 said:

Investors that were long (bought ftse) decided that the FTSE isn't going ot be going up anytime soon (due to US bailout failure) so sold to close out positions.

stop loses then ? I expect it was more to do with how thin the market is at the minute, can't get anything done. Stop loses obviously pushed it, but no one is buying the market plumets.... we had a lot of '' YOURS AT BEST'' coming from our equity desk

No doubt.

[shadowninja]

Fancy that. The market falls despite shorting being banned. Who'd have thunk it.