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<p>[QUOTE="fatima, post: 1364071, member: 22143"]It proves what I said about this bank and stock investing in general. There is absolutely no way to evaluate risk or judge a stock based on its reporting. Any stock that changes value, especially a bank stock by 50% in 1 month, should be worrying. In December, not one person here was willing to call something like this because they had absolutely no idea. The Fed has announced QE2.5 and that money is going to prop up the banks. </p><p><br /></p><p>I also said previously that the US Treasury & Federal Reserve absolutely wont let BAC fail right now. This is because the DNC will be holding it's convention right at the base of BAC's HQ skyscraper in Charlotte. (literally) Obama plans to give his speech in none other than Bank of America Stadium (you think they might have given this more thought). They will pull out all the stops to keep this bank going. </p><p><br /></p><p><br /></p><p><br /></p><p>I was proved right. My advice is that if someone wants to gamble in this sort of environment, have at it. I don't think this includes most bullion buyers.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1364071, member: 22143"]It proves what I said about this bank and stock investing in general. There is absolutely no way to evaluate risk or judge a stock based on its reporting. Any stock that changes value, especially a bank stock by 50% in 1 month, should be worrying. In December, not one person here was willing to call something like this because they had absolutely no idea. The Fed has announced QE2.5 and that money is going to prop up the banks. I also said previously that the US Treasury & Federal Reserve absolutely wont let BAC fail right now. This is because the DNC will be holding it's convention right at the base of BAC's HQ skyscraper in Charlotte. (literally) Obama plans to give his speech in none other than Bank of America Stadium (you think they might have given this more thought). They will pull out all the stops to keep this bank going. I was proved right. My advice is that if someone wants to gamble in this sort of environment, have at it. I don't think this includes most bullion buyers.[/QUOTE]
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