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Monday, November 14, 2011

BAC sells almost their whole stake in CCB

Bank of America has sold almost their whole stake in China Construction Bank. They currently hold only 1% of CCB, which is actually 1% more than they should but it's much better than owning 9%.

The selling of CCB de-risks, one of the most risky portions of capital that Bank of America had disclosed. There might be more assets like CCB that I believe could be over valued, but at the moment, I don't know of any.

I still own an amazing about of BAC.A warrants, but I think it would be more reasonable for me to buy 2013/2014 leaps on BAC.

Tuesday, November 1, 2011

Old Louis Rukeyser interview on Charlie Rose

Love watching/reading old articles about the market/economy. Here is 1995 interview with Louis Rukeyser. Some things just tend to repeat themselves and they show after watching old clips.In the beginning of the interview, they started to talk about Washington's bickering about the deficit. Reminded me how commentators and markets felt about the last debt ceiling fiasco.