Replies to post #21719 on Bank of America Corp (BAC)

[cyclone101]

BAC Bought back in at 31.25$ - should have bought yesterday at 30.80's lol but waited the day out, still VERY happy with my re-entry point.

[Zues]

Yeah overreaction to say the least la_trader. Consumer confidence is high in the U.S. People are working AND spending their money. New homes sales are up. Housing prices are going up too (important indicator)...

I see short term inflation hitting due to China manufacturing slowdown. Demand will be strong and once Covid-19 fears diminish we should see cost of sales will going up and so will consumer pricing which will have an impact on the Fed's decision NOT to lower rates imo. We'll see.