Sunday, August 15, 2010
Is it time to Bac up the Truck?
EDINBURGH, UK - Bank of America hit a brand new 52-week low today as investors dump there shares on banking, economic, and even environmental fears. The low unemployment rate is keeping the economy in a slump as people are defaulting on their mortgage and credit payments. “Obama needs to create jobs.” Andy “Raw” Kibbens, co-CEO of The Markets Are Open repeated at a public speech at the start of a concert in Edinburgh earlier today. “We must work together!” he shouted to the thousands of fans. Bank of America is hitting resistance and is coming to a technical buying point which could mark the beginning of a new long term bullish trend. The stock hit $13.06 today as the market turmoil was too much for investors.
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