bsharvy

Eight Reasons Bank of America Is Going to $20

I have no opinion on BAC, but I wouldn't trust this author. He starts by bragging, and misrepresents his track record. He tosses in right-wing political cliches like calling the Financial Times anti-American because the FT says Americans think of nationalization as a European folly. His only "refutation" of the FT article is to call it "anti-American." What a peacock. Dumber still, he then presents material supporting the view that Americans do, in fact, regard nationalization as a European folly. As for his bragging about Apple, his article history shows that he has stayed long Apple for all of 2008, which wipes out all the gains of 2007.

Three Financial Stocks Worth Holding

BAC paid all stock for Merril, so I'm not sure how it makes sense to say they overpaid--the price has fallen 50%, like their stock.

Unless you're trying to time the absolute bottom, I don't see much point in buying these things now. They will be in a bottom-ish range for a while, so it's smart to wait for more clarity.