Ok stock price has nothing to do with if a bank is about to fail, stock prices are just a perception and have have many factors. When the banks were in crisis I bought Bank of America stock at under $5.00 per share and tripled my money when I pulled out most to buy a new car with my winfall. When Ken Lewis was running the show he put over 2 million of his own money in and I am sure he made a killing as well. This was as well durning the banking crisis. All this tells me is that people are scared right now and its a time to buy instead of sell. Bank of America is a very solid company, they paid back the full amount of the TARP funds with in a few months of receiving them. The first chunck of TARP was only taken because the US Government needed them to not because the bank needed it. The second chunck was because the US didn’t want Bank of America to pull out of the Merrill Lynch merger when they actually seen how bad the situation was so in order to not do so the government threw money at them to keep it a go. The first chance they got they paid it back, I was actually working in Bank of America’s Accounts Payable at the time in which it was paid back and it was a big panick that it was processed correctly and quickly which it was.
You want to look at the stability of the company not the stock price when purchasing stock and that was what I did when I invested and will do again when I have more to invest again. Just an FYI the US Market is in turmoil because the US was recently down graded from our AAA rating because of the issue with the debt and how they are handling it. I blame all this on Obama’s running of our country.