This is a classic case of confused follow the leader analysis. OK, a bubble is forming. Starved analysts are finding something to crave about. This may actually go up, as suggested by this article, but as someone has said - give it enough time, and it is sure to go down... or up !
Market Skepticism About BofA / Merrill Deal [View article]
It is easy to comment today. Well, the bears are out again, feeding on this frenzy. It is chilling and scary. So now it should soon be the time to buy BAC. (I am long). I speculate that it will come down and then shoot up like anything. The markets (bears) can be stopped, by simply stopping short sales. Then weird things happen, this stock goes up. Meanwhile people come to senses or things improve, then everyone os after this stock, but then that was not the time to buy. The time to buy is when everyone is selling. Why can't you see that point?
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Market Skepticism About BofA / Merrill Deal [View article]