Folks knew this was out there- it is no surprise big money has not been buying this rally and it shows from the light volume. BAC almost made it to $20 but obviously all the financials are getting killed on this news. It will be very interested as what will happen with the news reports on this fraud allegation.
Another reason why the government will say we need more oversight. This will be a political topic more than any thing else.
Have a great weekend I am travelling
Friday, April 16, 2010
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