I can tell you that BAC is writing a huge amount of new purchase loans. Add that to the continued cost cutting and Merrill doing great business and you have yourself a bargain at these prices. You wanted a pullback....you got it. This is a BUY
Sure, we believe you: you say you've been in the business for over 20 years and you say BAC is writing a huge amount of new purchase loans -- sure, we believe you; Sure you add that Merill doing great business and, sure, we b elieve you: Why should we believe you who post on a public board, don't identify yourself fully, and you who expect us to simply take you at your word without ANY supportive documentation? LOL...sure, we believe you (NOT) because you have done NOTHING to change ANYTHING since the financial meltdown of 2007/08...but, hey, sure...we believe you.
This is a guy posting on a public board without identifying himself and making all sorts of claims, and you expect him to answer you with creditble, supportable answers to such questions? Boy, are you naivbe.