KBW Bank Index and Dow both worse day than BBT.Tough day all around, disastrous for BAC looking at the comparison graphs.Of course, the day to day stuff is fun to spazz over but only significant to people who try to trade the short swings. At 68 I do not need to waste time with that worry. I can wait a year or 20 years.
Anyone know if bb&t has exposure to the BAC type loans?Wells Fargo reports tomorrow. If they do well BB&T will also. Still look for $25 next week.
The actuarial tables say you wont be waiting for 20 more years.....
I am an actuary and I do my own personal underwriting.Barring a run in with one of our Italian actuaries I have an excellent chance of doing better than 20 years.