Hot potato. Sell BAC
Jim said today on Mad Money that he was bearish on Bank of America (BAC). That means sell. We held it for, what, seven days? I don’t know what financial to buy, but tomorrow night I’ll look through his rantings and see what he’d say to buy. He did like the New York Stock Exchange (NYX) yesterday. Does that qualify? Should we buy it? Jim, tell us tomorrow on Mad Money what Financial to buy. I’ll sell BAC at 10:30’s price and rest in cash for a day or so.