Black Monday?

[WhipLash]

Well it looks like the American Stock markets could go into free fall today. Already stg£55 billion approx. was knocked off the top shares in the FTSE this morning, bringing the FTSE 100 index to seven month lows. So will this afternoon spell doom and gloom for those who've invested heavily in the tech sector? And was investment guru Warren Buffett correct in ignoring the spiralling tech shares and staying with the likes of Gillette and Coke, and also investing heavily in silver?

[Justin]

Yes, Fookit so far as my own modest exposures were concerned (should have listened to Pramit Ghose saying fill your boots with AIB)

[Ivan]

We've had this conversation before and I don't agree Justin. If you have the right Tech shares you should have no need to worry, naive investing in places such as lastminute.com will get you burnt, you really need to know what you're doing.

The Sunday Times have a fool writing a day trading diary at the moment because he gave up his £55,000 per year job and sold his 200k house to move into a two bed terrace with his wife and six year old daughter to day trade. The decision was made on the fact that he made 200quid in one days trading a few weeks back. My point being that there's plenty of idiots willing to part with their cash with no idea what they're doing.

[Justin]

I just fooked it up.I don't know enough about mad.coms in the US so I invested in one or two UK software co.s which git caught in tech meltdown :eek: