The financial sector has been given a bit of a revival from U.S. Treasury Secretary Henry Paulson’s proposal for an overhaul of the financial system.
This has got some wondering if the light has appeared at the end of the tunnel. Some are skeptical and feel that the temptation to go bargain hunting should be avoided until next year.
We agree – wait until the sector has steadied some and heads back above its 200-day moving average.