The positive ceo says Q1 is BAC best always. Trading picked up in the first 2 weeks of Jan and they didn't expect that to slow anytime soon. Goldman Sachs big upgrade to 18. The bad Government is hell bent on dismantling TBTF banks. Elizabeth Warren a Dem from MA has repeatedly stated she will sink these banks. She looks to be running for higher office in 2016. With most pubs in place a recent attempt to scale back a portion of the Dodd Frank law was turned down by 6 votes (killer IMHO). As BAC and other TBTF continue to layoff employees do to stricter rules and regs it just gives the government more ammo to make them out as BAD BAD BAD banks. Lots of Dems were voted in due to there stance on Bad bad banks. Until that view is changed few people have interest in owning the equity in these TBTF. No interest in relaxing the money robbing rules and regs and now with the GSE's wanting banks to reduce required money down to 3 % and BAC refusing I think is a huge slap in the Guv's face. How will they react to that slap. Seems Assured got bac back on Dec 31 2014 in which was the beginning of a 3 + point drop in PPS.
Very negative press and PR IMHO will make it hard to ever see a True Book value now in the twenty one range.
I also worry what ever shrinking PPB oil is going to do to deflation and ruining any chance the Feds will ever raise rates. IMHO don't think the feds would ever raise rates until after the 2016 election anyway since the government has raised the deficit to the point we could never pay the higher interest on the money owed anyway. It's always best to pass along the mess to another party than to try and clean up it's mess from the person who created it.
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