$31/share is a good price, I think I'll wait until BAC drops below $25/
share, thus, increasing my margin-of-safety - like I need one with
BAC. lol

I'm sure this stock will drop at first like it has already in pre-
market activity but it'll move up as everyone jumps in wanting to buy
BAC. I'm not sure how the day will end, I'm guessing it'll be near
flat for the day.

Who cares how the day will end, Buy BAC and shut up!! I don't even
think you know what a margin of safety is. Just because you quote
things real investors say doesn't make you a real investor.

I can tell you this, the margin of safety for BAC doesn't exist right
now. unless -40% is what you call a margin of safety. By my
calculations, BAC currently has a margin-of-safety of 54%. Now this
would normally be good but in our current economic situation, 54%
could easily be 64% or 74%. I like 44%, but I love 64% even more and I
do think I can get that or else I wouldn't be waiting for BAC to drop
to $25/share.

I don't think it will get down to $25, who knows, but I still don't
think it is time to buy yet. Just because it went up today does not
mean it is comming out of the hole. Another fed cut and the stock
should go up again, that is what lending firm stocks should do. I
would wait to buy a little longer since there is a world wide dip. It
is a long term stock to invest in so if you do buy now you are not
going to get totally screwed. It has taken a dip and I think it is
going to flatten out for the next several months.

I agree. The Fed doesn't have that many more points to cut anyways.
What is going to happen come August and the rate is down to 1.0? If
could be that low if they have to keep cutting it every 3 weeks
because people realize we're going into a recession.

What happen yesterday was manipulation of numbers to stop a major
stock market crash 1 week before the State-of-the-Union address and to
head off a recession. Now I believe a recession is already here or
about to happen, however, this is an election year and the government
can't have a recession when people are voting.

My opinion, the rates will be 2.0 by March 1st and probably be 1.5 by
Summer, if not lower.

Agree. bought 300 shares at open.

I don't see $25 in the card at that level BAC would be yielding over
10% which would be absolutely rediculous putting it in line with WaMu
before the dividend was cut. I don't think even the most pessamisitc
would equate BACs issues with WaMu's so the yields should not be
similiar. BAC guarenteed the dividend and once that news sinks in
(probably once it is paid) people will start buying. By Summer this
stock will be in the mid forties.

Buying Opportunity? i think i wait untill it hits 29 or 30 - Read
Below

Jan. 23 (Bloomberg) -- The U.S. stock market may fall another 4
percent to account for the possibility of a recession, according to
strategists at Bank of America Corp., A.G. Edwards and Strategas
Research Partners LLC.

Thomas McManus, the chief investment strategist at Bank of America,
and A.G. Edwards's Al Goldman say a drop in the Standard & Poor's 500
Index to as low as 1,250 would signal shares are priced for a
contraction in the world's biggest economy. Jason Trennert of
Strategas says the index needs to decline to 1,260 to ``fully
discount'' a recession.

``We're not too far away from that now,'' Trennert, who predicts the
S&P 500 will rally to 1,640 in 2008, said in a phone interview from
New York. ``The odds of a recession this year have gone up
substantially, but I still believe there's a chance we're going to
skate past one.''

The S&P 500 has tumbled 16 percent from its all-time high last year as
the worst housing market since 1991, a jump in unemployment to a two-
year high and more than $100 billion of credit losses and asset
writedowns at financial companies prompted analysts to cut their
earnings estimates for the first half of 2008. The benchmark for U.S.
equities lost 14.69 points to 1,310.5 yesterday, the lowest since
September 2006.

Trennert, 39, said his estimate for the S&P 500's fair value during a
typical U.S. economic contraction is based on a 17 percent decline in
profits from their peak and a price-to- earnings multiple of 17 for
the index.

Four Recessions

America's economy has fallen into recession four times since 1980,
according to the National Bureau of Economic Research, the Cambridge,
Massachusetts-based organization whose seven-member committee
determines when economic downturns start and end. The S&P 500 has
climbed during three of those periods, advancing an average of 5.9
percent.

Goldman of A.G. Edwards expects the S&P 500 to retreat from its
current level as earnings decline and the economy contracts over a
period of at least 10 months. He said the benchmark may rally by the
end of this year to a record 1,600 as investors push up share prices
in anticipation of a recovery in economic growth and earnings.

``After recessions come recoveries,'' said Goldman, 73, the St. Louis-
based chief market strategist at A.G. Edwards. ``You've got to keep
your wits about you.''

McManus, 51, wrote in a research note yesterday there is a ``high
likelihood'' that a U.S. recession has already begun. He said ``many
stocks'' in the S&P 500 would be priced for an economic contraction if
the index falls to between 1,300 and 1,250. At the same time, he
raised his recommended allocation for equities to 65 percent of total
assets from 60 percent.

Buying Stock

``It makes sense for investors to consider increasing their exposure
to equities'' after declines in the past 12 months, wrote McManus, who
expects the S&P 500 to rise to 1,550 by the end of this year.

Goldman and Trennert were too bullish on U.S. stocks in 2007. Goldman
forecast at the beginning of last year that the S&P 500 would rise 10
percent, while Trennert predicted a 13 percent advance. The index
gained 3.5 percent, weighed down by the biggest decline in financial
stocks since 1990. McManus's forecast that the S&P 500 would rise 3.3
percent was the closest among strategists tracked by Bloomberg.

Citigroup Inc.'s Tobias Levkovich, whose S&P 500 forecast for last
year was 9.3 percentage points too high, today reduced his end-2008
prediction because interest-rate cuts may come too late to avert an
earnings contraction. The New York-based strategist lowered his year-
end forecast for the S&P 500 to 1,550 from 1,675, according to a note
dated today.

Priced In

The S&P 500 fell for a fifth day yesterday as growing concern about
the slowing economy prompted the Federal Reserve to reduce rates by
the most in more than two decades. March futures on the benchmark
retreated 19.80, or 1.5 percent, to 1,289.50 as of 11:36 a.m. in
London today.

David Bianco at UBS AG and Thomas Lee at JPMorgan Chase & Co. say the
S&P 500 is already pricing in an economic contraction.

Bianco, 32, the chief equity strategist at UBS, said in an e- mailed
statement yesterday that any price for the S&P 500 below 1,350
suggests investors expect a ``broad U.S. recession.''

Still, he advised clients in a research note yesterday to buy shares
after prices declined this year. In the past five recessions, shares
reached their lows before the biggest year-on- year declines in
earnings growth, he wrote. They rose 22 percent on average over the
following six months, according to Bianco.

Lee at JPMorgan says the S&P 500's decline from its peak and cheap
equity valuations relative to bonds suggest investors are predicting
the U.S. economy will shrink. Lee still expects the S&P 500 to climb
to 1,590 by the end of 2008, according to a Bloomberg survey
yesterday.

It's already priced in to BAC and most other financials yes other
sectors could fall technology could have contracting P/E multiples
that would take us there or maybe some of the oil and mining stocks
could fall temporarily but housing and financials have been battered
for 6months longer than tech so it's bottomed.

its a buy . buy now and if drops further buy some more.. keep buying
all the way until it comes back up.  create stock to cost avg on the
way down.  Give me some BAC!!!