The Gambler discusses the stock markets and FTSE. "Did watch the FTSE going up and down all day. US cut interest rates and markets recovering. I was going to post yesterday that this fall in stock markets is a load of nonsense. Just a few American people getting into negative equity. It really should not cause this world wide panic. Funny enough this rate cut might be seen as a panic measure, and may have a short term negative effect. I would not be surprised if the markets go down again. The FTSE could drop a lot. At some point people will realise how stupid this all is, and buy back into the market. If the FTSE falls to 5300 then I would expect it to rise sharply. A buying opportunity maybe. Anyway it is all quite interesting, and possibly teaches us one or two lessons on how to trade on Betfair and the exchanges."

Kicking Bets wonders if David Beckham will return to Premier League in 2008. "David Beckham is on a long term contract with LA Galaxy. However, Newcastle may be able to persuade David Beckham to move to Newcastle (it would help his England prospects). Although it would require signficant compenstaion to LA Galaxy, the sales of (Addidas) Newcastle shirts would probably pay for the transfer and make Newcastle a global brand. If it makes financial sense, it is likely to happen ... there are 'paper' rumours that this is at least being investigated as an option."

Don't give up your day job is satisfied by his performance although he made a few mistakes . "Today was much more satisfying though a lot more of a drain as the afternoon seemed to take an age. The xbox was turned off at 11am this morning and I got myself into the trading mood by doing a bit of studying with a view to coming up with some new strategies, more on that in the future but a thanks to Jon at Talkbet must be given. So today's racing at last had a full schedule and including this evenings racing would bring the total races up to around 28. [...] So on the day 21 races traded 15 winners, 3 break evens and 3 losses."

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