The financial stocks are leading the market advance today as the banking and loan business is showing continued signs of growth and expansion. The biggest gainers today are Citigroup (up 4%) and Etrade (up 3%), both of which I own for my managed accounts. The majority of stocks in the financial sector are up around 1.5%. As I mentioned back in January, I expect this sector to be one of the top performing sectors year as the U.S. economy slowly grows. That being said, I would not chase the momentum upward of these stocks, rather I would maybe buy a few shares now and if they pull back in price I would buy some more (I don't think it's ever a good deal to buy all the stock shares at one time, I prefer to buy stock in intervals).
In general, I am not a big fan of buying stock or mutual funds at this point because I think the market ramp will end shortly and at that time investors will be able to pick up a fund or stocks at cheaper prices. Remember, buying "value" is the way to approach the markets, because the lower the price you pay something for, the higher the reward you get when you sell it (assuming you invest in a growing and profitable company).
