How the Government's Plans Affect You

Well, I’ve said it before, and I’ll say it again: Continue to steer clear of the financial sector for the foreseeable future, and don’t go bargain hunting in bank stocks. And don’t get too depressed about Tuesday’s big declines–the market has shown resilience since then, including a very dramatic rally in late trading today.

Several big-name financial stocks are rated as Sells in Portfolio Grader, including American Express (AXP), M&T Bank (MTB), Zions Bancorp (ZION) and Bank of America (BAC). If you own any of these, you should sell them ASAP!

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