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Direxion Daily Financial Bear 3X ETF Message Board

  • MINCE38 MINCE38 Jul 18, 2009 1:14 AM Flag

    This BAC article could put market on its knees..

    on monday and maybe rest of week. This just out on yahoo....

    Total reserves increased $4.63 billion to $35.78 billion, and nonperforming assets surged 21 percent to $30.98 billion.


    Thats in 3 months!!! Forget the reserves. They may show a huge loss next qtr...and the qtr after that. Im glad I didnt buy BAC and held my FAZ! Funny how faz was up today with the nasdaq also up pretty big. Smart money was leaked the info again as usual. "sigh"

 
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