Replies to post #22346 on Bank of America Corp (BAC)

[fromtheuk]

I guess because inflation is higher. That said, banks should do better than most in this environment.

[JCT777]

[Stockemup371]

First mistake is listening to the talking heads on TV. Tell you one thing and they do the opposite. The liquidity has dried up and the biggest borrowers are the hedge funds and they are all in trouble. Banking sector is be propped up right now, down trend is coming and the banking sector is usually the last to tank. For the record Bank of America is one of the biggest shorters of AMC. They guessed wrong on that call, which is going to bite them in the ass in the end. Bank of America has been closing down various location which will hurt as well. The handwriting is on the wall. Guess they will be looking for a government bailout once we crash.