August 6, 2012 Comments

Canadian markets were closed on Monday. U.S. markets were up modestly.

Bank of America was up 2.8% to $7.64. While it is speculative and is also very complex it does appear to offer good value. Housing markets in the U.S. appear to edging up and this will bode well for banks. On the other hand recor-low interest rates do make it harder for banks to make money. I am comfortable holding this stock but I am prepared to accept the risk as well as the potential reward.