Arizona

What Does Bank of America's Decline Mean for the Global Banking System?

I have been in banking for over 20 years and this is the first I have seen the devaluation of BAC and JPM just because! They are both strong with good balance sheets. BAC made an error in how they acquired Merril and CountryWide. I have to agree with icandoitdon. Once the funds start buying again (and they will), you will see an upward move. I have a good sum of shares of BAC and JPM and will hold no matter what. I made a mistake of dumping some energy (CHK and HK) in panic crisis and they came back. A lot of this is by hedge funds and panic. Hope to see better days for the market