As for the rest of the market, not so good. Short term, looks like a buy, but this quick revisit to this level does not build confidence. Still quite volatile. Hopefully, you aren't too highly invested.
Last Week's Best
-R
Saturday, October 1, 2011
Bank Of America's Debit Fee
Now you have a dilemma, Bank of America customers. You can go to Subway for a $5 footlong and pay cash, or save that $5 to pay for the right to use your debit card at Subway. It had no real impact on Bank Of America's stock as debit fees have been part of the rumor mill for quite a while - though most thought Wells Fargo that would be the bank to pioneer it. Bank of America has pressing financial issues as the Countrywide and Merrill Lynch issues have everyone rethinking Ken Lewis's legacy as CEO.
As for the rest of the market, not so good. Short term, looks like a buy, but this quick revisit to this level does not build confidence. Still quite volatile. Hopefully, you aren't too highly invested.
-R
As for the rest of the market, not so good. Short term, looks like a buy, but this quick revisit to this level does not build confidence. Still quite volatile. Hopefully, you aren't too highly invested.
-R
