the chronicles: BAC Finally This Monday

This here will be my weekend post. I hope you take this information and run with it - either backward or foreword it is your choice. My first link will highlight the BAC "phenom" for you. Clicking Here will take you to all my posts about BAC. Review these for a bit, and notice the volatility of the stock. Clearly no one knows how to price the stock. Much of the price is based on the idea if a bailout is coming or not. I took my chances, I went after BAC pre-drop 6.00 dollars because I felt that Geithner was planning to release a plan.

Boom! Today, Obama and Geithner said that on Monday the Bank plan will be addressed. This information alone should re-write the fundamental value for BAC. Regardless, the point being that BAC is clearly a stock with a correlation coefficient. In these circumstances the price of the BAC stock is the dependent variable; as the independent variable is the news coming from the treasury and federal reserve. For example: Good news and price goes up... Bad news and price goes down. 

1.) Yahoo Analysts Geithner and his Fed decision. 
2.) Updated 2/8/2009: Forbes On Mondays Plan 

Special Video Post (Bill Gate and Mosquitos) via TED.com: [I fricken love Bill Gates. (Note: But more of a Steve Jobs guy)]

Music For the Weekend: