{"id":1,"date":"2011-08-25T04:02:02","date_gmt":"2011-08-25T04:02:02","guid":{"rendered":"http:\/\/www.dognmonkey.com\/svlife\/?p=1"},"modified":"2011-10-04T13:57:00","modified_gmt":"2011-10-04T13:57:00","slug":"bac","status":"publish","type":"post","link":"https:\/\/www.dognmonkey.com\/svlife\/bac.html","title":{"rendered":"Bank Of America and Warren Buffet"},"content":{"rendered":"<p><em><span style=\"font-family: comic sans ms,sans-serif;\">Mr. Buffet helps so many investors and mutual funds to get out BAC (Bank of America) at 47% higher than the 52 weeks low price of $6.01. Yes, Mr. Buffet doesn&#8217;t lose money often, but I think this is the one just to help his friends before BAC tanks totally. As I understand about stock market, new low will be retested, the $6.31 was retested and $6.01 was in place. Until then, BAC up today is just a stunt.<\/span><\/em><\/p>\n<blockquote><p><strong>MK2:<\/strong> Obviously, B of A is in store for an incredible amount of additional losses. Based on my calculations, Bank of America is set to lose roughly $2 trillion in the near term. With just $222 billion in shareholders&#8217; equity, and $2.3 trillion in total assets, this would absolutely wipe the bank out. <a class=\"ir\" title=\"will bank of america blow up?\" href=\"\/\/www.fool.com\/investing\/general\/2011\/08\/24\/will-bank-of-america-blow-up.aspx\">Read full article.<\/a><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><em>Update: 10\/3\/2011 BAC = $5.53 . I don&#8217;t believe in shorting, but I think it&#8217;s time to do what I believe in. Never buy new lows and never fear new highs.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mr. Buffet helps so many investors and mutual funds to get out BAC (Bank of America) at 47% higher than the 52 weeks low price of $6.01. Yes, Mr. Buffet doesn&#8217;t lose money often, but I think this is the one just to help his friends before BAC tanks totally. As I understand about stock <a href=\"https:\/\/www.dognmonkey.com\/svlife\/bac.html\" class=\"more-link\">&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[6,7],"class_list":["post-1","post","type-post","status-publish","format-standard","hentry","category-investing","tag-bank-of-america","tag-warren-buffet"],"views":621,"_links":{"self":[{"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/posts\/1","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":7,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":9,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/posts\/1\/revisions\/9"}],"wp:attachment":[{"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dognmonkey.com\/svlife\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}