Dick Bové Was Offended By The Bank Of America Sell-Off

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Sometimes he doesn't get you people. It's like you're speaking another language or something. Needless to say, you sicken him.

If Bove did decide to buy bank stocks, he said one of his targets would be Bank of America. He called the sharp selloff in BofA stock on Monday "a little bit obscene." The drop followed rumors that BofA might declare bankruptcy and preceded a sharp rally in the stock Tuesday. "This company is so far away from being in trouble or needing additional capital that it's ridiculous," he said. "I think the market's going lower so I'm not buying anything. The fact is, if I were to buy something I would be buying Bank of America aggressively."

[CNBC]

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