BofA Running on Fumes

Bank of America's (BAC) stock price has almost tripled since its near-death experience of breaking below $5 in December 2011. Although it stumbled a bit in mid-2012, for the most part it's been on a steady climb -- especially since the Federal Reserve announced its third and fourth rounds of quantitative easing last September and December, respectively. The general consensus among equity investors is that that the existential crisis has passed. The attitude of "that which does not kill you makes you stronger" has set in.

The concept of "too big to fail" (TBTF) has also certainly helped, boosting the confidence of traders and investors that the Fed and the U.S. Treasury will backstop BofA no matter what....716 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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