Stocks Rise, But Bank Of America Is Getting Crushed And Now Down 4.5%

Update: It’s getting worse. The stock is now off over 4.5%

Original post: It’s not a bad day in the markets for the bulls.

The major indices are all up over 0.5%. The dollar is down. The euro is down. Gold is up.

It’s a classic risk-on day, at least based on recent history.

But there is one canary, and that’s Bank of America, which got crushed yesterday, and it’s sliding hard today, down another 3%. It’s lost about 8% over the last few days, as the mortgage-putback fears gather steam.

Click here for a background guide to BofA’s putback exposure >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at