Friday, October 15, 2010
Bank of America is the next Enron/Refco/Amaranth/Bear Stearns. Short of Fed intervention, I can smell this one a mile away. If David Tepper and John Paulson are still heavily invested in this one, they are screwed. I am buying out of the money long-dated low-strike puts to express my conviction.
Posted by Dave in Denver at 10:48 AM