Nice rally, but still am not impressed.  Its still too premature to call anything as for me, this rally still seems like banks/hedge funds and large institutions covering their shorts and leaving suckers called individual investors still going on the long side.  After Trichet's comment earlier this morning, a European Recession may be due now (and with it and the US' woes a Global Recession may be forthcoming)...No wonder the USD rallied like no tomorrow.

BTW, here's something that tells that the worst is not yet over...Banks and IBs across the pond (in a place called London) are feeling the wrath too.

From Bloomberg earlier this afternoon:

Bloomberg – Rumours of a serious blow-up within a London quantitative/arbitrage hedge fund are abound in London today.  According to sources close to the fund – which we cannot name for legal reasons – are reported to have said that the fund has lost ‘almost all’ of its capital amidst speculation of fraud or rogue trading.  The fund - a medium sized quantitative specialist based

I would like to thank all contributing to this threads especially Emni,Samsara bro,TT dai,bhairee(bricolage),Latoboy ,thapap(What do I know?)and others for their valuable and analytical inputs.

 I am  so naive to stock investment but always had desire to jump into.While doing little research,I am enticed towards energy sector as price of crude oil correcting after hitting as high as $147 so as energy stock.

Is this a right time to buy some small cap energy stock such as ROYL and fpp?

Any suggestion and recommendation are highly appreciated.

After the lows in August 2007, and March 2008, the market rallied for about eight weeks. My expectation is that the July 15 low should hold until just after Labor Day to mid September. Price wise, a rally up to 1310-1325 was noted in my July letter. The rally off the low on Friday of 1262 suggests the S&P could reach 1350. However, none of this changes the major trend, which is down. Buy dips under 1280, with a stop at 1262.

www.welshmoneymanagement.com 

I think we hit the temporary bottom today.....looks like a buying opportunity. As Buffett said, "Fear when others get greedy and Be Greedy when others fear".

What do u guys think out here???????

sunset and singingbowl... u guys are idiots...   unless u want to lose your shirt like samsara lost his job...

DONT buy.. dont be stupid.

Hey guys,

I'm thinking to invest some money to stock market but I am working in H1B Visa and I'm gonna file my tax as a non-resident this year. Can I do it? When I started to open a purchase account it ask for US citizenship. I cancelled it because I opened my bank account with my passport last year. Thanks in advance.