Bank Of America: "Santa Is Not Coming", Sees 50% Chance Of Drop To 950

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Mon, 12/19/2011 - 15:32 | 1995051 Hippocratic Oaf
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and BAC is reluctant to go below $5.00, bouncing there, but artificially held up?

Mon, 12/19/2011 - 15:34 | 1995071 transaccountin
transaccountin's picture

Once the stock goes below 5 the margin requirements are different.

Mon, 12/19/2011 - 15:44 | 1995090 Pladizow
Pladizow's picture

A corresponding drop in BAC would put it below $4!

Dont go chasing waterfalls! - Sing it Bitchez!

Mon, 12/19/2011 - 16:21 | 1995299 Gief Gold Plox
Gief Gold Plox's picture

I beg to differ BAC. Santa IS coming. It's just that some of us asked him for a world without well BAC for one thing. Byee.

Mon, 12/19/2011 - 17:07 | 1995515 LuKOsro
LuKOsro's picture

Just minutes before dropping below the 5$. Amazing timing Tyler.

 

http://journey-to-alpha.blogspot.com/2011/12/bank-of-america-breaks-5-maginot-line.html

Mon, 12/19/2011 - 15:39 | 1995096 nope-1004
nope-1004's picture

This is BAC hopium for 950, otherwise BAC stock at $2 will stick out like a sore thumb if S&P is at 1200.

Good-bye BAC.  Nice kowin' ya!!

 

Mon, 12/19/2011 - 15:44 | 1995122 Hippocratic Oaf
Hippocratic Oaf's picture

Clever guy

Mon, 12/19/2011 - 15:56 | 1995151 vast-dom
vast-dom's picture

at 950 BAC may be worth -$25

Mon, 12/19/2011 - 15:36 | 1995084 GeneMarchbanks
GeneMarchbanks's picture

Methinks 5 is more psychological than 'artificially held up' but I suppose there is nothing that can surprise anymore.

BAC is out of ideas. They should go the Japan route and shell out some Au to their investors.

Mon, 12/19/2011 - 16:09 | 1995198 Hippocratic Oaf
Hippocratic Oaf's picture

BAC breaks $5 and my FAZ jumps .50

DIE YOU MOTHERFUCKER BAC, DIE!!!

Mon, 12/19/2011 - 15:46 | 1995126 pkea
pkea's picture

Isn't the plan to kill BAC before SP will reach 950?

just because

Mon, 12/19/2011 - 15:32 | 1995052 trav7777
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Coal for Xmas, bitchez

Mon, 12/19/2011 - 15:36 | 1995082 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Just give out stock in BAC to those you don't like.

Mon, 12/19/2011 - 16:05 | 1995175 WonderDawg
WonderDawg's picture

And puts for those you love.

Mon, 12/19/2011 - 16:00 | 1995163 Animal Cracker
Animal Cracker's picture

That might be the most valuable thing in my stocking this year.

Mon, 12/19/2011 - 19:19 | 1995925 trav7777
trav7777's picture

yeah the better coal MLPs have risen during this market

Mon, 12/19/2011 - 15:33 | 1995053 transaccountin
transaccountin's picture

That $5 price on BAC is a tough nut to crack. Only a matter of time.

- Only 950 on SAP? Sure, turn off the gravy fiat faucet and we'll see reality. Gotta love the yields on our fiat paper, unfkingbelievable.

Mon, 12/19/2011 - 15:32 | 1995054 kito
kito's picture

funny, and this prediction coming from the grinch who stole the economy.............

Mon, 12/19/2011 - 15:33 | 1995065 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

All of your presents have been rehypothecated!

Mon, 12/19/2011 - 15:49 | 1995138 pkea
pkea's picture

the real Grinch is CHaSE

Mon, 12/19/2011 - 15:50 | 1995142 kito
kito's picture

different heads, same body

Mon, 12/19/2011 - 15:32 | 1995058 Robslob
Robslob's picture

So now, because their stock has dropped 50%, they decide everyone elses should as well?

 

You got to love these guys...bankers, can't live with them...CAN live without them....!

Mon, 12/19/2011 - 15:48 | 1995136 SheepDog-One
SheepDog-One's picture

I see Wall St bankers LOVE '50% chance of...'

Same as my standing odds-on 50% chance I'll shag Jennifer Love Hewitt by New Years Day....50% either it will, or it wont.

Mon, 12/19/2011 - 15:52 | 1995147 dracos_ghost
dracos_ghost's picture

Dude, my prayers are with you to succeed. Everyone give a greenie to SheepDog-One and share the love.

Mon, 12/19/2011 - 15:33 | 1995060 vast-dom
vast-dom's picture

50% huh? My calcs say 50.62498%. May we round up?

Mon, 12/19/2011 - 15:41 | 1995101 Robslob
Robslob's picture

.62498%

Mon, 12/19/2011 - 16:34 | 1995378 TheHillrat
TheHillrat's picture

Shit, they can pay me to say that too. "Eh, 50-50 if you ask me". Just like the guy in CNBC the other day asking about market predictions. He said that that "market will go up, but some time in the future."

Mon, 12/19/2011 - 15:33 | 1995061 f16hoser
f16hoser's picture

is 950 a good time to get back-in the market? Been sitting idle for over a year now. Some how I felt my money wasn't safe within the system.

Mon, 12/19/2011 - 15:35 | 1995076 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It is if you want to invest in some monkeys fucking footballs.

Mon, 12/19/2011 - 15:37 | 1995087 f16hoser
f16hoser's picture

What ever gave you that idea? Tee Hee

Mon, 12/19/2011 - 20:38 | 1996115 Pythaes
Pythaes's picture

depends how long it takes to get there

 

Mon, 12/19/2011 - 15:35 | 1995078 f16hoser
f16hoser's picture

"Paging Jon Corzine, you're wanted at the prop desk, STAT!"

Mon, 12/19/2011 - 15:36 | 1995079 Magnix
Magnix's picture

GOOD! CRASH IT!

Mon, 12/19/2011 - 15:38 | 1995093 SheepDog-One
SheepDog-One's picture

AHHHH HA HA HA HAAAA! Hey wheres Robo? Trying to light his lump of coal on fire for heat?

Mon, 12/19/2011 - 16:45 | 1995429 machineh
machineh's picture

No luck -- his cat peed on the matches!

Mon, 12/19/2011 - 15:41 | 1995102 I am a Man I am...
I am a Man I am Forty's picture

Hilarious that all these financial institutions who are supposed to be the smart financial guys are themselves imploding because they don't know what the fuck they are doing

Mon, 12/19/2011 - 15:41 | 1995103 San Diego Gold Bug
San Diego Gold Bug's picture

SomeChristmas cheer for all of the BAC holders!  Christmas Silver video 

Mon, 12/19/2011 - 15:41 | 1995104 homer8043
homer8043's picture

One, there are bonsuses to be disbursed. Two, everyone likes to feel good at Christmas. We won't go down too far unless someone frontruns January!

Mon, 12/19/2011 - 15:49 | 1995140 SheepDog-One
SheepDog-One's picture

Everyone around me is pissed off about Christmas.

Mon, 12/19/2011 - 17:41 | 1995657 SAT 800
SAT 800's picture

Try attending a less radical Synagogue.

Mon, 12/19/2011 - 15:41 | 1995105 TradingJoe
TradingJoe's picture

Where is Warren when you need him:)) ?

Mon, 12/19/2011 - 15:41 | 1995107 Tristan Ludlow
Tristan Ludlow's picture

Burn, baby, burn.  I am tired of waiting.  Let's get this party started!

Mon, 12/19/2011 - 15:41 | 1995108 Cult_of_Reason
Cult_of_Reason's picture

According to the Trader's Almanac, Santa's failure to show tends to precede bear markets.
http://chart.ly/uploads/qppp57k.png

Mon, 12/19/2011 - 16:08 | 1995196 WonderDawg
WonderDawg's picture

Well, considering the new phase of the bear market started in May, that's probably correct.

Mon, 12/19/2011 - 15:42 | 1995109 chancee
chancee's picture

Tradebot market prop-job currently underway.

Mon, 12/19/2011 - 15:43 | 1995114 slaughterer
slaughterer's picture

...that "infinite number of bids at $5.00" on BAC is our taxes working productively / sarc

Mon, 12/19/2011 - 15:43 | 1995115 Tsar Pointless
Tsar Pointless's picture

I'd like to know how much money we have spent to keep the S&P above 1209 today, and BAC above $5?

Then again, perhaps for the sake of my sanity, I don't want to know.

Mon, 12/19/2011 - 16:01 | 1995165 slaughterer
slaughterer's picture

Probably a little less than  $1 billion.  Not much in the larger scheme of things.  

Mon, 12/19/2011 - 15:44 | 1995116 bruce wayne
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http://cumgranosalisdossetto.blogspot.com/2011/12/revolution-in-china.html

Hard for Santa to show up as Europe and China both burn.

Mon, 12/19/2011 - 15:46 | 1995128 SheepDog-One
SheepDog-One's picture

'Boo hoo hoo, we're fallin, so everything else will fall too, then we wont look so bad and we'll get free money from Bennie'.

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