Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 86.96

-0.2%

3:59 PM EST

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To: Asymmetric who wrote (1328)	8/24/2011 3:30:02 PM
From: tejek	of 1428

A volatility surge means more bad news in the short term for the bank. The options market is increasingly preparing for bad things to happen to Bank of America. Same with the parabolic rise of GLD..........it was predicting a major [bank] disaster was in the making just two days ago. GLD closed down over $100 today. The BAC stock is getting defended. I think this was another mostly successful hedgie rumor started during the slow month of August so they could make their month.

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