BAC: Off to the races

BAC is currently viewed as the premier investment regarding large cap banking stocks. Institutional investors have forecasted share prices to gravitate above the 25 dollar mark. Although this sounds like a stretch I believe it is possible as long as investor sentiment remains high. As the price appreciates higher and higher more investors will continue to enter the market. I believe this will happen as long as positive news continues to surface. On the otherhand BAC balance sheets is comprised with alot of credit card debt. This could be or is the biggest hurdle they will face in the coming months. As you all know credit card defaults and the unemployment rate share a very strong positive correlation. This is bad news because the unemployment rate is edging closer and closer to double digits. Ultimately I would advise following this stock and establishing a long position as soon as shares break the 15 dollar mark.