The SEC has added new rules to the naked short selling that was being done to drive companies value down. They now have added new rules that will slow the process and allow companies to sell off shares to add more value to their companies. I like Jim Cramer’s idea of trying to add in the “up-tick” rule and this would be great to see what would happen on a trial run. The financial sector of the market has been hammered and I have always liked this sector for steady gains.
Is now a good time to invest in the financial sector? I’m not sure if now would be a good time or not. I think I would prefer to play it safe and stay away from the financial sector of the market and see how things play out. You could make a big gain right now if you could pick out the right companies to invest in. The whole market is a value right now and I believe you can find safer bargains on Wall Street and let the financial sector sort things out without your money. Your already paying your tax dollars for these bailouts and you could do better by investing in other sectors of the market.
