Words from the (investment) wise for the week that was (July 14 – 20, 2008)

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The SEC’s announcement to curb naked short selling, together with a dramatic drop in oil prices and a series of better-than-feared earnings announcements from US banks, triggered a recovery in investors’ risk appetite, resulting in a strong stock market rebound. Although the near-term outlook has improved and the long-awaited technical rally has probably commenced, it is premature to cast caution to the wind. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...]

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