Wall Street Manna

An irreverent look at Wall Street

Monday, August 8, 2011

Bank of America storytime

Now that the stock is six and change, BAC says they don't need any capital. But when it was 11, last month, they said they might need $50 billion!

Bank of Opportunity is now Bank of Opportunity Cost!

Or maybe, it's just a precursor to this!

Same story, different name!!


At August 8, 2011 at 4:46 PM , Anonymous Anonymous said...

Did you really buy anything today?

At August 8, 2011 at 4:56 PM , Blogger Palmoni said...

I bought some calls with about 10 minutes left--It's just starting to get interesting but you make money quicker when things disintegrate...

I hoping that it cracks again because things have fallen but the charts look so bad that we have to fall more for the charts to look good!

I'd love to see the bankers on edge though!

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