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Bank of America Corporation Message Board

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  • strum_this strum_this Jan 22, 2008 3:00 PM Flag

    If you don't short this stock you're stupid

    Hey there chicken little,

    Did you know that the stock market was a discounting mechanism, and has therefore been pricing today's earnings disaster into BAC for the last several months?

    Did you know that market bottoms happen when the largest possible majority of people think you'd have to be a complete moron to buy equities?

    Did you listen to the BAC conference call, complete with earnings guidance and no dividend cut?

    Do you realize that the Fed rate cut was not just a publicity stunt, but that short term interest rates are actually lower now, and the yield curve is steeper?

    BAC's *future* outlook (what the stock market is pricing in today) is better now than it was on Friday. Why shouldn't the stock be up?

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BAC
14.49-0.19(-1.29%)Jul 29 4:01 PMEDT