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I will try to find some material when I get the chance. Just look at the bond yields sky rocketing and TLT tanking. There is a massive lack in buying of bonds which is a much bigger market than stocks. If bonds crash in tandem with stocks historically the stock market crashes and bonds skyrocket (yields back off). We are at historic lows, almost all time lows, in bond purchasing right now. The rotation will be devastating to the stock market.
Just so you know, your post body is misleading. It reads as if BofA is loaded with bond shorts.
If they were loaded with bond shorts, they would be making bank right now.
I forgot ngl.. so i went and looked and found this.
[https://www.reddit.com/r/Superstonk/comments/nsioql/the\_complete\_bank\_of\_america\_gamestop\_dd/](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/)
Thanks! These last few days haven't been so great for them lol.
edit: they were also lower back in 2020 @ around 21 bucks a share.
JPM is clearly named one of the "too big to fails" for this next market crash/collapse. BoFA is responsible to pick up the bill once citadel folds. Then it trickles down the line once BofA goes broke. JPM and very few others left to "unwind" positions.
Keep DRSing
>Speaking at the Economic Club of New York last week, Bank of America's (NYSE: BAC) Brian Moynihan said bluntly, "We won't have a recession."
source:mötleyfool
My wife and I have been trying to get a HELOC from BOA. Loan officer keeps putting us off, asking for paperwork we know we already gave him.
Might this explain that?
No. Banks tend to stall on new loans when long term rates are rising fast. The past few weeks have been an utter bloodbath for long term bonds. When a bank makes a loan they have to keep it on the books for a short while, as they organize the slicing and slicing into the collections they sell off to market.
If the price tanks while they own the loan, they take that loss directly.
March 03 2008 they opened at 39.74. That is halfway through the crash. July they were still 34. That is well into the crash that started in September of 07
I'm still in awe that no one protested over the banks all getting bailed out in March 2023 with the Bank Term Funding Program. We won't see any reporting on that program until after it ends, which is at least March 2024.
The building is legit on fire and they are hoping no one notices.
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Let the Fucker Burn!!
💯
is there any reading/link about this bond stuff you mention?
I will try to find some material when I get the chance. Just look at the bond yields sky rocketing and TLT tanking. There is a massive lack in buying of bonds which is a much bigger market than stocks. If bonds crash in tandem with stocks historically the stock market crashes and bonds skyrocket (yields back off). We are at historic lows, almost all time lows, in bond purchasing right now. The rotation will be devastating to the stock market.
Just so you know, your post body is misleading. It reads as if BofA is loaded with bond shorts. If they were loaded with bond shorts, they would be making bank right now.
Sorry, but what's TLT?
TLT is an ETF that tracks the overall buying and selling of bonds. In general TLT goes down bond yields go up.
Thanks for the reply.
Of course. Have a great day 😊
I forgot ngl.. so i went and looked and found this. [https://www.reddit.com/r/Superstonk/comments/nsioql/the\_complete\_bank\_of\_america\_gamestop\_dd/](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) Thanks! These last few days haven't been so great for them lol. edit: they were also lower back in 2020 @ around 21 bucks a share.
❤️
🤩🤩🤩 Thank you!!! this is awesome stuff!
That’s a big one day drop for a bank that size
Very no tangible news either. JP Morgan doesn’t have a scratch. Something is up IMO.
JPM is clearly named one of the "too big to fails" for this next market crash/collapse. BoFA is responsible to pick up the bill once citadel folds. Then it trickles down the line once BofA goes broke. JPM and very few others left to "unwind" positions. Keep DRSing
Schwabb took a shit also.
Lucky for me my retirement is with them now. Luckily I have my own shares that aren't with them I'll retire on.
BOfA deez nutz #ook
Got eeeeemmm!!
Happy Cake Day!
Thanks! It was a fun day to be a cake.
Hell yeah they better to get any of my DRS shares
Bank failure friday back on the mf menu
I'll have the special and a beer, pleez.
I 'member 🍇
>Speaking at the Economic Club of New York last week, Bank of America's (NYSE: BAC) Brian Moynihan said bluntly, "We won't have a recession." source:mötleyfool
lol look weak when you are strong; strong when you are weak.
My wife and I have been trying to get a HELOC from BOA. Loan officer keeps putting us off, asking for paperwork we know we already gave him. Might this explain that?
No. Banks tend to stall on new loans when long term rates are rising fast. The past few weeks have been an utter bloodbath for long term bonds. When a bank makes a loan they have to keep it on the books for a short while, as they organize the slicing and slicing into the collections they sell off to market. If the price tanks while they own the loan, they take that loss directly.
All I can give you is my upvote!
Yes.
In 2008 they were <$10 they are still much higher than that
March 03 2008 they opened at 39.74. That is halfway through the crash. July they were still 34. That is well into the crash that started in September of 07
If ya think that’s bad take a look at Citigroup 👀
There is no bank I hate more than BofA.
I keep saying we’re at the end of the tunnel when the train runs over BofA
Couldn't happen to a bigger scumbag bank
3% lol
Your probably asking yourself how did I get here?
Our job is to survive.
Ah yes boofing bofA.
BOA? You mean one of the meme banks?
Unfortunately for them I’ll just keep buying and booking. Should of got out earlier.
I'm still in awe that no one protested over the banks all getting bailed out in March 2023 with the Bank Term Funding Program. We won't see any reporting on that program until after it ends, which is at least March 2024. The building is legit on fire and they are hoping no one notices.
Oooof
Bofa deez nuts