B of A In Talks To Buy Countrywide

Market Commentary | Stocks

About 2:15pm EST, as the market was reacting tepidly to Bernanke’s speech, news broke that Bank of America (BAC) is in talks to buy Countrywide (CFC).  This led to a surge in Countrywide shares (CFC Intraday Chart) that carried over to the entire stock market (SPY Intraday Chart).

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