What a joke!
Utter scam and manipulation across the board NOT just BAC. People that believe in fundamentals are sadly mistaken. I laugh when I watch the news and they talk about how the market is at "all time highs". When in actuality it's just stocks with 100% institution ownership like PCLN, CMG, WFM, LL etc…. All scam stocks.
Yeah they're up 1600% while the individual investor in blue chip stocks has been pummeled.
They don't even care about their own stocks as many like GS and MS haven't bothered bringing their stocks in line. they know theres money to be squeezed out of individuals with their 0% loans they can just pump all the scam stocks and short the blue chips owned by 50% individuals.
FB, the ultimate scam stock, comes to mind. This privacy invasive NSA cooperative with very lttle profit is the definition of a cult scam. Almost every day it's green, and when it's temporarily down like after buying Whatsapp, it'll be green very soon again.