Bank of America Corp (BAC): Here’s Why It’s Down

The most likely culprit for Bank of America Corp (NYSE:BAC)’s poor week is the invisible hand of the market doing what it does best: lifting stocks up one day — or one week, as the case may be — and slapping them down the next. Here at The Motley Fool, we tell investors to tune out the short-term noise of the market and tune in to the long term. That’s where your investing thesis is going to show itself to be true or false.

Check in once a month, or even once a quarter, on the fundamentals of the companies you’re invested in and leave the obsessive ticker checking to the day traders. You’ll be happier in the long run, not least because you won’t be sweating out the short-term market swings that are an inevitable part of investing.

The article Why Bank of America Is Down for the Week originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of Citigroup and JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends and owns shares of Wells Fargo. It also owns shares of Bank of America, Citigroup, and JPMorgan Chase.

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