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Here's Why Bank Of America's Stock Is Collapsing Again

In fact, in what is fast becoming a formal law of bank-stock thermo-dynamics, the more the bank insists that everything's fine, the more investors take this as a signal to run for the hills.

And given that Bank of America has now persuasively broken the $7 barrier and now has a mere $65 billion of equity value left, this death spiral can't continue much longer. (The good news, we suppose, is that the stock can't fall below zero).

http://read.bi/nSnrm4

By Bob DeMarco
All American Investor

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Original content Bob DeMarco, All American Investor