Agreed, there is still so much liquidity on the sidelines. Eventually the money will move back to fundamentally strong sectors & the past 10 years of recovery by the financials is starting to show. The longer this stays in range only means the stronger the pop. $15 shot up to $25 in a matter of 12 weeks. BAC is trading at book value only, it is reasonable for the whole sector to be trading at 2x once the money moves to it from commodities & tech. The market always shifts, every sector has their bull runs. Chances of BAC being over $30 in 2018 is still very possible, even at 1.5x book like the horrible WFC would put BAC at $35...
Long BAC$
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