(Source: Seeking Alpha) – I normally go with the flow, but when it comes to the money center banks like Bank of America (BAC), I’m going to take a very contrarian view. Money center banks are wildly popular with both professional and individual investors, but a look at the numbers show they do not deserve a thumbs up from anyone.First let’s look at the trading action on BAC over the past year with a daily price compared to its 20-, 50- and 100-day moving averages as computed by Barchart:

Source: Seeking Alpha

August 11, 2011

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