Terror Attack in NYC sends markets down. Stopped out of BAC position.
Our thoughts and prayers go out to all effected by the incident in NYC today by the terrorist incident.
This incident appears to have been the catalyst for the sudden yet brief drop in the markets and for momentary drop that caused the BAC alert to hit the stop loss. We still think that the BAC position for those still in the trade will be profitable. It did hit a high of .95 cents today.
Bank of America should do well with upcoming expectations of a December rate hike by the Fed.