While today's coordinated interest rate cut "sends a very strong global message that we've got central banks that are aware of the issues," Art Hogan, the chief market strategist at Jeffries and Company says the problem "is it's like celebrating when the ambulance gets to your house on time. You're very excited that it's there on time, but unfortunately you're reminded that you need the ambulance." Hogan tells Steve Potisk that while the rate cut was a good move, " none of the monetary policy tools that we pulled out of the bag this week are going to work overnight." But Hogan says there are "glimmers of hope, like Warren Buffet putting "30 billion dollars to work in the last two weeks," well as "Wells Fargo stepping in front of Citibank to bid on assets of Wachovia," and ridiculously cheap valuations.

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Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know..

Oct. 10 (Bloomberg) -- United Parcel Service Inc., Federal Express Corp. and Forward Air Corp. were downgraded at Merrill Lynch, which cited adjustments ``largely due to the global economic downturn and deteriorating freight environment.'' Included are analysts' calls for Bank of America Corp., Nucor Corp., Pfizer Inc., Mack-Cali Realty Corp., Ford Motor Co., Citrix Systems Inc., CSX Corp., Energizer Holdings Inc., AT&T Inc. and Electronic Arts Inc.

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Bloomberg Market Podcasts contain the latest news on world stock markets, exchange-traded funds (ETFs) and market volatility (the VIX).

New Financial Terms

CEO - Chief Embezzlement Officer.

CFO - Corporate Fraud Officer.

BULL MARKET - A random market movement causing an investor to mistake himself for a financial genius.

BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING -- The art of buying low and selling lower.

P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.

BROKER -- What my broker has made me.

STANDARD & POOR -- Your life in a nutshell.

STOCK ANALYST -- Idiot who just downgraded your stock.

STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.

FINANCIAL PLANNER -- A guy whose phone has been disconnected.

MARKET CORRECTION -- The day after you buy stocks.

CASH FLOW-- The movement your money makes as it disappears down the toilet.

YAHOO -- What you yell after selling it to some poor sucker for $240 per share.

WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.

INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.

PROFIT -- An archaic word no longer in use.


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Hi guys, i am hoping someone experienced could give me some advice regarding my trade entries...

Background: betting on trending FTSE350 instruments, highlighted through the use of ADX.
Looking for a entry after a 2 or 3 day pullback from a recent 3 month low.
Looking to keep short/medium term (1-3 days)

Now this should have in theory been working well for me, most of my choices have gone the way I thought but this has not been converted into hard cash, potentially for the reasons below:

1) Setting up a limit order after days trading for the following morning. Theory being I can put it around the previous days low, so if it crosses this it can be considered a decent short and the bet triggers.

HOWEVER, 3 times now the price has spiked massivly on opening, missing my order by miles and it gets opened MILES below where I had intended, then regains so that by 8 15 I am 30 down, when my original stop loss had only been for a maximum loss of 10.

This has meant I am having to close out losses of 30 ish to prevent further annihalation and struggled to make much once triggered, gaining 5 or maybe less. Obviously this should be the other way round, cutting losses early and letting the profit roll etc. but it isnt working this way.

WHat to do? Open after an hour or so? Then I may have missed the main loss of the day and it may stagnate? Blame it on volatile markets, wait a week or two and continue with the limit order? Or work a day in advance so to speak, and play for the next mornings spike?

Thanks