BAC OFF

Once again I stare into this stock like any other eager money man. But today will be so hott for BAC day traders beware However as normal this is a long term stock that will run the market my end of 2009. Dont forget the January decline of homes down around 5.3% does not help.

Some beaten-down banking stocks soared late Wednesday but closed off their highs after U.S. regulators released limited details of the stress tests being conducted on banks' troubled balance sheets.
The agencies said they expect to complete the assessment process as soon as possible, but no later than the end of April 2009.
U.S. bank stocks were lower at midday Wednesday as investors focused on Congressional testimony from Federal Reserve Chairman Ben Bernanke, who said that the government has no plans to run any of the top U.S. banks.
However, some banking stocks jumped in late-afternoon trading after federal bank regulators announced some of the details of the Capital Assistance Program for financial institutions. The rally lost steam heading into the closing bell.


From MARKET WATCH---- ty GUYS