Monday, December 19, 2011

Bank of American go boom: Falls and closes below $5.00 a share

Bank of America crossed the stock mendoza line, and closed below $5 per share to close at $4.96.  This close will trigger massive stock evaluations as many mutual and other stock funds are not allowed to hold equities below $5 a share.

As definitive evidence just how fucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level. - Zerohedge

List of Bank of America holders:


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