Chart o' the Day: BAC to the Future

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Here’s Bank of America’s ($BAC) recovery off the 2009 lows and subsequent trip in the DeLorean straight back to where it started.  It’s amazing to see this name with a 6 handle once again…

The predicate cause behind today’s disastrous 14% slide is a $10 billion fraud lawsuit from AIG. See below:

http://www.theatlanticwire.com/business/2011/08/ig-suing-bank-america-10-billion/40937/

 

 

 

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