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Bank of America Corporation Message Board

reallyyousure 338 posts  |  Last Activity: Jul 15, 2014 3:55 PM Member since: May 2, 2013
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  • "New data released Monday shows humanity has just unlocked another achievement in the race to cook the planet: The last three months were collectively the warmest ever experienced since record-keeping began in the late 1800s.

    "The Japan Meteorological Agency said June 2014 was the warmest June globally since at least 1891, when its dataset begins. This follows May 2014, which was the warmest May globally on record, which follows April 2014, which was the warmest April globally on record.

    "Taken as a whole, the just-finished three-month period was about 0.68 degrees Celsius (1.22 degrees Fahrenheit) above the 20th-century average. That may not sound like much, but the added warmth has been enough to provide a nudge to a litany of weather and climate events worldwide. Arctic sea ice is trending near record lows for this time of year, abnormally warm ocean water helped spawn the earliest hurricane ever recorded to make landfall in North Carolina, and a rash of heat waves have plagued cities from India to California to the Middle East. In addition to the relentless push by human-caused global warming, this year’s extra heat comes in part because of a building El Niño emerging in the Pacific.

    "Also on Monday, NASA released its monthly global temperature numbers for June, with nearly identical results that were reached by a different method. According to NASA, June was the all-time third warmest, May was the warmest, and April was tied for second, with 2010 nudging out 2014 by an imperceptible 0.003 degrees Celsius in the three-month average. The two datasets are among the gold standards for keeping track of Earth’s escalating fever."

    Sentiment: Strong Buy

  • "All eyes today on Fed chief Janet Yellen as she delivers her semi-annual testimony to the Senate (and to the House Committee tomorrow). The stock market will do fine as long as she reassures the market that the Fed will keep interest rates low for a considerable time after ending its asset-purchase program. Low interest rates will keep savings out of bonds and in stocks, maintaining high stock values. Two other things keeping stock values artificially high: (1) Stock buy-backs by big corporations using the low interest rates to borrow money they then use to purchase their own shares – thereby giving their stock prices a temporary boost. And (2) a wave of payroll reductions by corporations replacing workers with new labor-saving technologies, and thereby boosting profits and stock prices. But beware: All these boosts are temporary. At some point the stock market will have to reflect the real economy, where jobs are still scarce, pay is lousy, consumers are stretched, and growth is anemic."

    Sentiment: Strong Buy

  • "Yes, there are losers from Obamacare. If you’re young, healthy, and affluent enough that you don’t qualify for a subsidy (and don’t get insurance from your employer), your premium probably did rise. And if you’re rich enough to pay the extra taxes that finance those subsidies, you have taken a financial hit. But it’s telling that even reform’s opponents aren’t trying to highlight these stories. Instead, they keep looking for older, sicker, middle-class victims, and keep failing to find them.

    "Oh, and according to Commonwealth, the overwhelming majority of the newly insured, including 74 percent of Republicans, are satisfied with their coverage.

    "You might ask why, if health reform is going so well, it continues to poll badly. It’s crucial, I’d argue, to realize that Obamacare, by design, by and large doesn’t affect Americans who already have good insurance. As a result, many peoples’ views are shaped by the mainly negative coverage in the news media. Still, the latest tracking survey from the Kaiser Family Foundation shows that a rising number of Americans are hearing about reform from family and friends, which means that they’re starting to hear from the program’s beneficiaries.

    "And as I suggested earlier, people in the media — especially elite pundits — may be the last to hear the good news, simply because they’re in a socioeconomic bracket in which people generally have good coverage."

    For th

    Sentiment: Strong Buy

  • "My friend Beatriz Manz, who has spent many years in Central America, writes this about the humanitarian crisis at our southern border: The United States is not a detached, innocent bystander. For decades, U.S. governments supported unspeakably brutal regimes and poured billions into maintaining them ($5 billion in El Salvador alone). Implacable opposition to communism—often defined as virtually any reformer—gave these regimes a blank check. The result is a legacy of dealing with opponents through extreme violence and a culture of impunity. Judicial systems remain weak, corrupt, and often completely dysfunctional. After the cold war ended, the United States lost interest in these countries. What was left was destruction, tens of thousands dead, and massive population displacement. The percentage of people living below the poverty line is 54 percent for Guatemala, 36 percent for El Salvador, and 60 percent for Honduras. More recently gangs, organized crime, and drug cartels feeding the US market have become part of this unholy mix.... We should not make children pay the price for the intolerable social destruction that Central American elites and militaries, as well as successive US governments, had a hand in creating."

    Sentiment: Strong Buy

  • "The Justice Department will announce today a $7 billion settlement with Citigroup for its role in duping investors into buying defective fraudulent mortgage-backed securities that contributed to the near meltdown of Wall Street six years ago. This will be played in the media as a big victory for the Justice Department but it’s actually the opposite because: (1) $7 billion ($4.5 billion in cash and $2.5 billion in various nice things like financing affordable housing and modifying some homeowner’s loans) is a pittance compared to the money Citi rakes in. In just the second quarter of 2014 its revenues were $20.5 billion. Its stock price is already up this morning. (2) Citi doesn’t admit any wrongdoing, so the settlement doesn’t clear the way for other plaintiffs injured by Citi’s fraud. (3) The Justice Department will forgo any potential cases against Citigroup over collateralized debt obligations (complex deals the bank sold in the years before the crisis), where Citi’s fraud caused major losses. And (4) not a single Citi executive will go to jail. So why the giveaway to Citi? Is it because (a) Citi spent $3.7 billion on the best corporate defense lawyers money can buy, while Justice has a small and relatively inexperienced team? (b) Citi’s current and former executives include people who served at the highest levels of the Clinton, Bush, and Obama administration? (c) Citi is a major contributor to both the Republican and Democratic parties, and to their former and upcoming presidential candidates? (d) Other?"

    Sentiment: Strong Buy

  • "We can (and should) disagree with one another on all sorts of issues. That's the essence of a free and democratic society. The problem comes when disagreement is expressed through venomous name-calling, mindless vitriol, and ad hominem attack, rather than through debate and deliberation. Hatefulness too often blinds us to what we hold in common; it makes it impossible for us to listen to opposing views; and it serves as cover for the powerful and privileged who would rather divide us than have us join together for the common good."

    Sentiment: Strong Buy

  • And BAC should do OK this earnings although it will need more to get to $17 before September.

    Just a hunch but that is the way I see it.

    Sentiment: Strong Buy

  • Reply to

    Coldest Antarctic June Ever Recorded

    by hacker.boob Jul 13, 2014 1:37 PM
    reallyyousure reallyyousure Jul 13, 2014 2:50 PM Flag

    Thanks for showing your bias and ignorance. This is the middle of winter in the Southern Hemisphere. And the records are from tenths of degree changes. Once again you confuse climate with weather and don't realize that the average increase in temperature is for the ENTIRE world and not for one location. You have proven nothing but your bias and ignorance. Sadly you are not qualified to discuss scientific issues.

    Sentiment: Strong Buy

  • reallyyousure reallyyousure Jul 13, 2014 1:52 PM Flag

    He has my support.

    Sentiment: Strong Buy

  • reallyyousure reallyyousure Jul 12, 2014 4:33 PM Flag

    People like you are real good at finding someone to blame for your ignorance and stupidity, except for yourself.

    Sentiment: Strong Buy

  • "I’ve been watching media coverage of angry Americans at our southern border waiving signs and yelling slogans, insisting that the children – most of whom are refugees of the drug war we’ve created -- “go home” to the violence and death that war has created, and I wonder who these angry Americans are. I also wonder where their parents or grandparents or other ancestors came from, and what they were fleeing from or hoped for when they landed in America. I’m not suggesting we allow in anyone who wants to come here, but these are desperate children. Whatever happened to the generosity, decency, and big-heartedness of this country? Emma Lazarus’s poem engraved in 1903 on the Statue of Liberty reads: “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of our teeming shore. Send these, the homeless tempest-tost to me, I lift my lamp beside the golden door!” Why are we now allowing the hateful side of America to take center stage?"

    Sentiment: Strong Buy

  • The Family Research Council’s Tony Perkins said this week that the Obama administration is imposing Islamic law in the U.S. military. For the record, the Obama administration is not imposing Islamic law in the U.S. military.

    Tom Perkins suggested earlier in 2014 that only taxpayers should have the right to vote -- and that wealthy Americans who pay more in taxes should get more votes.

    Tom Perkins clearly belongs to the fanatical Far Right clowns.

    Sentiment: Strong Buy

  • Churches and guns: “Two Catholic dioceses in Georgia have banned guns and other weapons from church facilities in response to the state’s new so-called ‘guns everywhere’ law.”

    Or do only Catholic dioceses have good sense?

    Sentiment: Strong Buy

  • By Steve Benen: The religious right finds a new approach to immigration: “In response to the influx of Central American children fleeing to the southern border of the U.S., the American Family Association’s Bryan Fischer is repeating his belief that all national borders were determined by God and therefore anybody who crosses them without permission is directly offending the Creator.”

    Now we know what the real sin was when the slave owners in the South wanted to create their Confederacy.

    Sentiment: Strong Buy

  • reallyyousure reallyyousure Jul 11, 2014 11:25 PM Flag

    Well, I'm confused too, since Sheldon Adelson is a far right conservative, Buffett is a moderate and so is Gates. How you figure they are liberal is beyond me.

    Sentiment: Strong Buy

  • Reply to

    BofA dead until settlement with DOJ

    by bigkahuna1333 Jul 11, 2014 3:42 PM
    reallyyousure reallyyousure Jul 11, 2014 11:21 PM Flag

    And that is the time to buy, when everyone is depressed about the stock. Buy and hold and you will do well in 12 to 18 months. Doesn't anyone understand how to really invest?

    Sentiment: Strong Buy

  • reallyyousure by reallyyousure Jul 11, 2014 11:05 PM Flag

    "Just when you thought the Republican circus couldn’t get more clownish, with John Boehner threatening to sue the President, comes Sarah Palin calling for Obama’s impeachment. “His unsecured border crisis is the last straw that makes the battered wife say, 'no mas,” she writes, wielding a not-so-subtle racial brickbat. “Because of Obama’s purposeful dereliction of duty an untold number of illegal immigrants will kick off their shoes and come on in.” This kind of trash talk may be good for Democrats (who are already using Iowa Senate candidate Joni Ernst’s January suggestion that Obama be impeached to cast her as an extremist aligned with Palin) but it’s bad for America. Isn’t it time for John McCain, who gave Palin the prominence she’s been riding ever since 2008, to publicly repudiate her?"

    Sentiment: Strong Buy

  • "One of the most enduring American traits is our belief in progress. Even in the direst times – the Great Depression, world wars, the Cold War – polls have shown a majority of us believing the future will be better, we and our families eventually will do better economically, our children will be better off than we are, the nation as a whole will progress, even the world will become a better place. But over the last two decades, that fundamental belief in progress has been shaken. Polls show fewer and fewer optimists, to the point where now a majority no longer believes the future will be better. This is one of the most fundamental changes in American character in history -- with all sorts of implications for how we act. (For the record, I'm still a strong believer in progress, and I’ll explain why in a future post). How about you? Do you believe the future will be better, and why?"

    Sentiment: Strong Buy

  • reallyyousure reallyyousure Jul 10, 2014 1:22 PM Flag

    Strong Buy is my sentiment.

    Sentiment: Strong Buy

  • reallyyousure reallyyousure Jul 10, 2014 1:21 PM Flag

    BAC is still in a Strong Buy sentiment as far as I am concerned. Buy and hold for 12 to 18 months.

    Day traders beware and go somewhere else.

    Sentiment: Strong Buy

BAC
15.62+0.10(+0.64%)4:02 PMEDT

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