Enterprising Investor Forum

Stock market roller coaster Friday, April 18, 2008

Despite the recent strength in the markets and that fact that this rally might hold up, we couldn’t help but think of the current situation when we came across this cartoon.

We are slowly managing to have a clearer picture of the real impact recent events are having on corporate players but we still believe that any non-expected negative comment by one of the major financial institutions (or even another major corporation – see what happened with GE) would quickly cause the market to test recent bottoms.

We remain on the lookout for value but are still not convinced by the apparent recovery.

Enjoy your weekend!