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Direxion Daily Financial Bear 3X ETF Message Board

  • MINCE38 MINCE38 Jul 18, 2009 1:14 AM Flag

    This BAC article could put market on its knees..

    on monday and maybe rest of week. This just out on yahoo....

    Total reserves increased $4.63 billion to $35.78 billion, and nonperforming assets surged 21 percent to $30.98 billion.

    Thats in 3 months!!! Forget the reserves. They may show a huge loss next qtr...and the qtr after that. Im glad I didnt buy BAC and held my FAZ! Funny how faz was up today with the nasdaq also up pretty big. Smart money was leaked the info again as usual. "sigh"

32.62+1.27(+4.05%)Sep 29 8:00 PMEDT