easily make it through any crisis. Lots of shorts out there right now that are driving the share price down, but they will be forced to buy back at some time and when they do BAC will go up at a much faster pace than it has gone down.
Don't be fooled by the shorts. BAC is solid and will be back in the $25 dollar range within three years. Merrill is banking lots of profits right now. It is taking longer than expected to assimulate countrywide, but it almost over.
My advice is buy and hold. When the dividend is boosted the shorts will be forced to buy back their shares.
thanks for your post....too many shorts on this board that is discouraging....I bought at 11 thinking that we've seen the bottom a couple of weeks ago and I'm down about 10% now. Have a bit of regret since I could put my money somewhere else.....I hope you are right and I will hold through this seemingly never-ending dip......
It looks like the US will get a debt downgrade and that will affect the equity capital levels. This means it will affect their Tier 1 equity capital ratios and may require the banks to raise more capital.