I think a possibility of world economies coming back stronger this year and next couple of years.
Maybe we should hold BAC much longer than just trading it. I got a feeling for much higher prices coming because the housing market finally is coming back strong. Example is people are bidding over the sales price as much in some cases $300,000 over the asking price in some areas of SV near San Jose. Also, new homes are being sold similar to during 2004 when people commute 1 to 2 hours away. This shows home prices in major cities are going up so people are buying farther away.
This is sign of a normal or much better housing market. This is great news for world economy. This signals a world economic rebound not just in America because these type of activities is viral across the world as people start to see better times ahead. I think the whole world is now starting to scale upward starting this year 2013 and beyond. This is truly great news for everyone.