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Yes, but this is a political issue really. Per the leverage allowance and others that have caused some of the issue.
To me, this is all really nothing and all trivial.
This is just another cycle of boom/bust and with today's communications it just creates deeper extremes of each. Hard to stick your head in a hole when everything is blaring fear at you.
It is good to get some changes, but to me, to blame a company like B of A, is nothing more than blaming my right hand for not clicking the mouse on the perfect trade etc..
Just my opinion, in 5 years we will be healing and forget about all this crap and of course, Politico's and media will have changed our landscape and it will ebb/flow again and again. We humans forget.
Next Generations will do the same crap but slightly different.
The thing that concerns me is the lack of ethics in our business and our broken political system. That to me is the real issue.
Now BAC is a sell. A short on the daily basis. But I would not short it until the weekly stochastics K crosses down. And today you have a doji, maybe a short on an engulfing candle.