IRVINE, Calif., Feb. 10, 2010 (GLOBE NEWSWIRE) -- SectorWatch.biz announces the availability of a commentary of interest to investors in WikiLoan Inc. (OTCBB:WKLI) and other finance-related equities making news and driving markets today. Investors can view our free commentaries at: www.SectorWatch.biz – in association with FiSpace.net, a dynamic social networking site for investors.
Despite the thrashing overall indices took last week, we did see some stocks that performed well. The mega banks took the brunt of the downturn while some financial-related stocks faired much better. One such equity, WikiLoan Inc. (OTCBB:WKLI), performed considerably better and seems to have attracted some positive attention.
Although the market may have been overextended, most analysts blame last week's near melt down on Obama's "new rules" speech. Obama's speech aimed largely at banking institutions went over like...well, passing gas in a church service. And judging by the market's reaction it was a real stinker.
The conventional wisdom is that Obama is taking down the big banks and bringing the rest of Wall Street with them, but after a closer look at his proposals, it seems like business as usual. In fact, a recent businessinsider.com report highlighting some of the vague language in the proposed regulations reported that "A person familiar with the operations of one big Wall Street bank said it expects that new regulation will affect less than 1% of its overall business."
The report further indicated that even the oft-scorned proprietary trading by banks may be safe. The bottom line is that the heated rhetoric may be just that and not much more. The implementation of the new rules may indeed be little more than ceremonial.
WikiLoan is a Social Network with a focus on finance. At WikiLoan.com, family and friends can borrow and lend money among themselves at rates suitable to their respective needs. The company's website provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
This report is neither a solicitation to buy nor an offer to sell securities but is for information purposes only and should not be used as the basis for any investment decision. MP is not an investment advisor, analyst or licensed broker dealer and this report is not investment advice. MP has been paid fifteen hundred dollars by Dream Team LLC for preparation and distribution of this report and other advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company. Call the number below to be featured in our publications.