Bank of America Corp (BAC)

[guster0]

The valuation is too low for the condition of the balance sheet and the amount of cash on hand to lend at higher interest rates going forward.

I AGREE 100%

But I see no signs in higher interest rates. One of the reasons I invested in BAC.

Fed I don't think feels comfortable raising rates (YET?)

Remember Greespan raising the rates in 07 and 08?

What happen when that fuse was lit?

Ask Jim Cramer he screamed like a stuck pig. Fast forward to Ricky Santelli rant: http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CC0QqQIwAg&url=http%3A%2F%2Ftime.com%2Fmoney%2F2982907%2Fcnbcs-rick-santell-loses-it-over-fed-policy%2F&ei=q8LFU-PqMMLj8gG1woCoCw&usg=AFQjCNGmie7w-c5cfK4X68RFUMB6pF52BQ&bvm=bv.71126742,d.b2U

I know I know it sells commercials but kinda makes you think a tad.

Here is to good earnings and NO MORE RANSOM payments and higher rates (not holding my breath on that one)!

GLTA