FTSE - our shocking situation

Well it has been a horrifically unsettling week in the markets. Even Warren Buffet has made the biggest loss in his entire investing history - if the most respected investor in the world is struggling then this really shows how the whole economy is now in turmoil as well..

However despite this and constant chat about "calling the bottom" of the market, I am confident that with the FTSE so badly battered and bruised that even if we are not at the bottom, buying into the FTSE right now is a fantastic move.  I thought I woould test my theory for a bit and go in small with a £2 / point spreadbet on the FTSE basket at 3670.  My target right now is the psychological 4000 barrier - which will net me a nice 700 UKP return.

I'm looking forward to the STAN results tomorrow as they have plummeted again today to about the 6 quid mark....  this is concerning for me but i am looking for positive news to break out and upwards again.  I still love this stock and think it is a fantastic buy so have also opened a spreadbet long at 580 - £10 a point on this one......  currently about 140UKP in profit.... will see how this one pans out and will be looking to put in a tight stop towards the end of the day to ensure I don't balls this one up again!