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BAC Share Price November 2010: $32.00
Submitted by Marla Singer on 11/21/2009 18:22 -0400
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Thanks for admin.nice sharing.very nice..
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Mr Paulson may prove how fleeting
financial fame can be if both BAC and Gold
take a dive...
http://www.jubileeprosperity.com/
Based on the fact that 85% of you have voted that it will be under I am saying that chances are it will in fact be over 30.
it could very well be 32, heck it could be 62. does that mean victory? NO, it means it has CRASHED. YES, you heard me right, 32 , 42, 62, who cares when usdx will be at 50 or lower?
in fact, I think 'nominal' numbers will go up, exactly because dollar will go down (just ask Shalom Bernanke how that's possible).
so, remember, we could have a crash 'on the upside'. Dow could go up to 20k, 30k who knows, exactly because no one knows how much Shalom will print. but by that time Gold will have gone to Pluto and a loaf of bread will be $20.
$32.50. That's for the whole index, right?
Regards.
BankAmerica can't even entice someone to run the place. If this thing is such an attractive investment, why can't they find a CEO? Hell, if a potential CEO thought there was value, he'd get in there today, get his options price at $16 and make a fortune in a year. I'm not buying it.
They should get a janitor to run it.
Reminds me of a movie with a similar plot. The board at a large toy company decide to buy more company shares. They realize that the price of their stock is relatively well priced, so they needed to create a panic. They hire some yong guy to run the company who had the idea of producing hula hoops. No one buys, them - stock plummets. Board loads up on stock... funny movie actually.
Point being, they should hire an intern who never worked at a bank to be CEO. Unfortunately, he'll do a decent job of running a bank.
The game is rigged. If he said it's going to be 132 by next Wednesday then that's what it'll be. Why do you guys hold on to the rules of free markets? This isn't even about money any more. It's about power.
Pile in, make a double.
Unfortunately true,me thinks, #138693.
Damn shame really.
F*** it.
John Paulson seems to have gotten a taste for the limelight. I wonder if his celebrity is tainting his objectivity? They guy who believes he has the Midas touch is the guy who is in line to shit the bed. He may have faith in the Fed but I don't considering how this is the same Fed that gave us the dislocation of 2008.
Fool For The Citi - apologies to Foghat!
Goin' to the citi, got you on my mind,
Countrywide is pretty, I'll leave it all behind,
This is my decision, I'm comin' home to stay this time.
'Cause I'm a fewl for the citi, I'm a fewl for the citi,
Fewl for the citi, I'm a fewl for the citi.
Breathin' all the clean air, sittin' in the sun,
When I get my train fare, I'll get up and run.
I'm ready for the citi, air pollution here I come!
'Cause I'm a fewl for the citi, I'm a fewl for the citi,
I'm a fewl for the citi, I'm a fewl for the citi.
I'm like a fish out of water, I'M JUST A MAN IN A HOLE.
The citi lights turn my blues into GOLD.
I ain't no countrywide, I'm just a homesick man.
I'm gonna hit the bid just as fast as I can.
I'm tired of layin' back, hangin' around,
I'm gonna catch that train, then I'll be CITIBOUND!!!!!
i voted under and then immediately kicked myself in the ass for not voting over, I hear that mummies can sell for a lot of money, especially those which are contained in protective glass cases.
Or thrown under a TARP.
If this poll was on AIG 6 months ago it would be even more than this. Prolly upward of 95% for the under
Exactly why I voted over.
I'm often wrong, but always in doubt.
I voted under but looks like Morgan Stanley agrees with Paulson.
http://www.scribd.com/doc/20755324/Best-Ideas-ms
OK, which Paulson is it? Hank or John?
Big difference.
Besides, this is cannot be answered on the fundamentals. It is about how much will the Fed print to save them? What you really need to do ask what will be:
BAC * DXY
That has at least some meaning.
32 cents maybe. He sold Goldman and bought BAC. Muuch as I despise Goldman that was a stupid trade.
Everything you guys are talking about is way over my head...
I just went for the "Paulson Incorrect" label.
What was the reason for him selling BAC if it was going to double? Shouldn't he have bought more?
Real or nominal?
If you hold a lot of gold and gold miners, BAC would be a hedge. That may be the reason Paulson is in.
+1
If mark to market reinstated then Paulson is wrong else he is right. By this time next year BAC would have sold of a lot of assets and will become a smaller bank. It will survive just because its name is Bank of "America".
With that name, you KNOW it's owned by foreigners.
Yeah, Paulson just dumped millions of shares per last filing yet he still thinks it will double? Laughable
BAC still has to raise loads of capital to deal with 10-12% jobless rates in perpetuity
Yeah, Paulson just dumped millions of shares per last filing yet he still thinks it will double?
He dumped approx 8 million shares last quarter but he still owns somewhere around 150-160 million as I recall from the ZH summary presented recently.
The "jobless" rate is about 50%. Only half the people in this country work.
The rest? I don't know exactly what they do it's a hodgepodge of the rest, made up of students, social security recips, the ill, private pensioners, other retirees like railroad employees, government workers, teachers, the independently wealthy,trustfunders,the underground economy that will thrive no matter what...
When thinking of unemployment, it needs to be thought about in context of a country in which one half of 350,000,000 of
us do not work at any one time.
That's an awful lot of unemployed that this country seems to absorb without batting an eye. What's another few percent on top of that, on a Macroeconomic level?
Nada.
Yes, I'm with you brother!
I always had a hard on for child labour, so I think we should step it one up - baby labour!
I'm sure babies can be useful for perpetual crawling in a circle or something to generate electricity. By the time they are 5, they can be better athletes.
http://www.google.com/imgres?imgurl=http://davengrace.com/dave/babymop.j...
Japanese already beat ya too it. Sorry.
Over $32 nominaly, under $16 (BAC last close) in purchase power today (nominal inflation; real deflation).
voting 'over', as $32 may not be sufficient to purchase a Happy Meal® by end of 2010
Last trade $16.09
With hyperinflation Nov 2010 $367,908,700,984,457,687,656,578.00 or BK
How about a poll on whether BAC share price will be greater or less than the cost of a gallon of milk?
Exactly.
BAC could very well be $32 a share in a years time.
BAC at $32 =
Gas at $9/gallon
Bread at $12/loaf
Milk at $13/gallon
$DXY at 52
Gold at $2650/oz
Unemployment (U6) at 35%
US under martial law with 8pm curfew
Even if you own BAC, you better hope it doesn't happen.
You said what I was thinking, and with more details.
+1
'$' in Nov 10, lol u made my day
Maybe after a stock split ...
They are not done pumping this fecal matter...
How about the question of how many shares of BAC could you buy with an ounce of gold in Nov 2010.
I'd suggest over or under 100....
Who in the world would waste gold on BAC shares?
I just guessed 'under'... and I was right!
Though I voted under, I realized, maybe they'll has a 10:1 reverse split by then, that's the only way it will be over $32 (really $3.2, but that's a minor detail isn't it?)
I think you might've hit the nail on the head.
they used to say , you can't polish a horse turd. that sure hasn't stopped the banks from trying. forget merril, countrywide was enough to BK b of a
wasn't it here on ZH I read the reference,
BofA "TARP bank for life"
Typo in headline. Should be $3.20.
in 2009 dollar terms, then I'd have to agree...
LOL +1