Tuesday, November 29, 2011

Bank of America at 52-week Low!

Whoa - $BAC is at a new 52-week low, but still about double the price of the February 2009 low.  This is the stock that Warren Buffett bought!  How could it be going down?

S&P downgraded many big US banks after the close today.  Tomorrow should be fantastic.

Looks like and smells like the previous bear market all over again.  Financial mess around the globe with debt and out of control spending.  Whoa is us.  It's difficult not to get caught up in the pessimism.  There doesn't seem to be any way out of this.  The Euro zone looks like it is on the verge of collapse, and the US doesn't look much better.

Party on, Wayne.

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