Here is what the stuff of dreams are made of...a repeat of the week of May 4, 2009 to May 8, 2009 where BAC opened the week at 8.89, went as low as 8.82, as high as 15.07, and closed on Friday at 14.17!!!!! All that in 5 days! What a dream come true.
Now, if only Warren Buffett could have a week like that to convert his 7 plus dollar warrants of BAC.
There would be some celebration and admiration in Omaha that weekend and many weeks afterward when looking back on it.
BAC's 20 cent gap up on November 19, 2012 sure stands out and I wish so hard that it could be the dreamed for break away gap. I hope the 15 dollar BAC offering buyers can get their money back before the feared possible loss of the 15 percent level size capital gains tax rates may go away.
This is going up big time. Only 2.14 million homes were available for sale at the end of October, the lowest supply in 10 years. It would take just 5.4 months to exhaust that supply at the current sales pace. That's the lowest sales-to-inventory ratio since 2006.