"About 1 out 10 Californians with a home loan is now in default, and spreading to commercial real estate". This is shown on front page of LA Times today.
BAC with Countrywide Financial(located in Southern California)) was country's biggest sub-prime loan player.
Based on fundamental,yes.
But gangs of "Mad Money" are pumping BAC via CNBC and e-mails.
The timing to short BAC, you have to decide by youself.
If you look at it from a technical point... It's Above Bollinger showing it is overbought for once example. I think there may be one more up day for those who always come late and then it will pullback to the 10 day moving average, like it has done . After that this could work its way back up and break through 15...