Bank of America Merrill Lynch predicts “melt up” and “melt down” in 2017. As a contrarian, with price controls being forced on biotechs on the NASDAQ, this author recommends: SQQQ as a diversified way to play this scenario.
This author is curious to know what BOA is going to do with their vast inventory of foreclosed real estate? They can take advantage of the low interest rate environment, now, to sell and write off underwater properties as a capital loss which would boost earnings. They should learn the trick of the new Commander-In-Chief. The stock is up 111% and this author believes it is NOT a short candidate. It is TBTF.
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