Some great articles, thank you. Upon reading these articles and looking back a short time, I think one can easily connect the dots and realize without a doubt what the future holds for us. Not a pretty sight. However having this knowledge in advance, certianly allows one to be better prepared to either simply survive these times or even position themselves to benifit.
In regard to BAC I don't believe any one has all of the answers. This is surely a traders paridise. But short term, what does the future really hold? Personally I really do not believe that the Govt. will nationalize banks. Could they, yes of course they could, but at the moment the downside would far exceed the upside. Unless of course they are trying to completely collapse the economy. So short term I think that BAC remains a traders dream, influenced far more by day to day knee jerk reactions to the overall market and sentiment. And yes I pesonally do look for it to go up from here.
This should react on a day to day, if not hour to hour basis in direct relation to bank bail out plans, stimulas plans, and numerous other short term reports. For this to settle in at about $12.00 to $14.00 within a week, would not suprise me. Conversly, if our new head of the treasurary or this stimulas package drop the ball, then look for a fast down slide. Again a traders market in this stock, so if and as the run for the door, look out.
But do not remember there are tremendous amouts of money sitting on the sidelines just looking for a reason to get back into the market. It would not take a lot of positive information and reaction over a period of days to begin bringing a lot of that money back looking for opportunities.
Assuming no negitive impact or influence on BAC from the Govt. then BAC is one of those great opportunities. Combine that with the inflation, if not hyper infation which looms and BAC will run to numbers without logic or reason.
The next several days to weeks hold all of the answers. Good luck to you, whatever your style may be. The opportunity is upon us.
