July 20, 2008
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 this guest post by Prieur du Plessis, highlighting some thought-provoking news items and quotes from market commentators during the past week.
