Replies to post #19270 on Bank of America Corp (BAC)

[Agent92260]

I thought so too, last year, but instead they sank like rocks day after announcement. You think it'll be different this year when they announce the next .25%?

[Snizzle]

The Feds will do as they are told. Whether that be directly or indirectly as we have seen this year. The middle class, what's left of them, are hurting and highly leveraged. A .25 doesn't sound like much but it's a big deal over all.


BAC is doing great in he current economic climate. Relying ONLY on rate increases would be a grave mistake.

[pennystockaholic]

Yes I see but this is only a short term fix. We have to keep in mind some institutions have to survive because they go hand and hand with international trade.