The downtrend for financials might be over finally.
This is brought about by a few cataylsts…
Lower Credit Charge offs
Lower Delinquency
Dismissal of Lawsuits
More loans due to QE2
I would not be surprised to see BAC at $18 by year’s end.
For now, I am still wary of a correction. But it seems that the rally might continue… THis is indeed the greatest rally of a life time…
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