The market sell-off took Bank of America below its 200 DMA on three big down days. I didn't like the stock close to 18, but I'm not a huge fan of buying at 16 either. Bottom line, with the market in turmoil, I'm not in a rush to buy banks. Wait for better pricing in my opinion.
Short term rating = HOLD
Long term rating = HOLD
Short term rating = HOLD
Long term rating = HOLD