When you run the cursor over the message of a user you'll see a shield with an X and the word "Flag". Click on that, then click on "ignore user".
Sure they will, since Fannie and Freddie are also clarifying the rules on what they can force the banks to buy back. The banks want to loan. The reason they have held back is precisely because the rules were so open to interpretation. If the banks feel comfortable that the rules are clear, they will loan to whomever the feds allow them to. After all, it's the feds who will be buying the loans.
Yes, but consider how many shares the bank had outstanding when it was that price. If I remember correctly, it had about 3.5 billion shares while today it as over 10 billion shares. Even with factoring in the negative of Countrywide and the positive of Merrill, you'll find that the real prices aren't all that far apart today.
Not if interest rates keep going down. Net interest margins are going to be squeezed at these levels. The rates banks pay to borrow funds are about as low as they are going to get, so if the rates they are able to charge customers for mortgages and such go down, banks make less money. That means they'd have to make it up somewhere else, and guess where that is, fees, fees, fees.
I have a couple of issues with your assumptions. 1. The interest banks pay for funds is about as low as they can possibly go, so if mortgage rates go lower, that will cut into the interest spread banks make money on. They aren't going to be real excited to do that. 2. The decline in oil prices will most likely have the biggest impact on shale oil drilling in this country, which is exactly where the current boom in the oil industry has been taking place, a la fracking. It's expensive. Potential job losses could be huge. 3. Retail may or may not go up. Yes, Christmas hiring will boost employment, but most will be low paying, part time jobs, with no guarantee they'll last the entire season. There are always both positive and negative consequences to price moves in oil and interest rates. Don't lose sight of both or you could be in for a very nasty surprise.
Hardly. It's oil and the PPI, which actually signaled deflation. Look at bond prices. Ebola is nothing if we are looking at deflationary reality.
Hard to say. The market has been trying to talk itself into a major correction for some time now, so it's hard to say how long or how low, or if it won't turn green this afternoon. I'm just glad I decided to go defensive last week.
Historically, BAC stock hardly ever reacts the way people expect on earnings day. It's usually one of the best days to sit back and watch the fun while everyone else screams and hollers about how stupid the stock is.
I think people tend to forget that trying to predict how BAC stock is going to react after earnings is virtually impossible. Historically it has almost always done exactly the opposite of what everyone expects. There is hardly ever any reason to the action of the stock on earnings day.
LOL! You badmouth one of the posters that has posted more about BAC than anyone else for many years. Careful, your true stripes are showing.
Promises, promises. You'll be back, and you'll still only be a complainer without contributing anything to the discussion about BAC.