Especially if & when BAC goes red, the key for FAZ to have large% gains many consecutive days would the banks going down, 1, 2, 3% a day. Which really isn't going to be hard with the United States "Federal Reseve" dollar collapsing at such paces.
All the apparatchiks are at meetings today, the market is close to a major turning point if not at one TODAY.
Holders of BAC stock now have more collateral to hedge with, other banks can essentially destroy BAC now if they so choose and take it out for pennies on the dollar. This collapse was designed was to have the banks fail on purpose and/or get them bought out for the bigger banks by pennies on the dollar.
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