Bank of America is down by approximately 4.5% on the day and is trading below $5 for the first time since March of 2009. Bank of America shares have been under extreme pressure in the past year as the European debt crisis strengthens and the foreclosure market remains unresolved.
http://www.thedisciplinedinvestor.com/blog/2011/12/19/bank-of-america-bac-reaches-financial-crisis-levels/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29
Submitted by Tyler Durden on 12/19/2011 - 16:25 BAC
As definitive evidence just how $ucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level.
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Poor Buffet................
great comments,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/bac-breaks-4-handle-drags-entire-market-down
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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