Bank of America - Let the Beating Continue

Another day, another BAC Whack-A-Mole!

Little equity snapshot:

Yeah, Hows that feel?

Lets turn to the smart money - bonds:

This morning I saw the following quote:

BAC 5 ⅝ 07/01/20    +260/25

Now I am seeing:

BAC 5.625 '20  +268

and

Ya know, the other day I caught some flak over my comment they were under-reserving for reps and warranties.   Ummm, nope, appears others might think so too.

Do not touch the equity until bonds have finished getting spanked!