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Takeaway: We bought Bank of America (BAC) at 9:59 AM at $13.21.

It’s tough to not buy bank stocks with the Yield Spread (10s - 2s) widening to +193 basis points wide this morning. Bank of America remains one of Hedgeye Financial Sector Head Josh Steiner's Best Ideas in 2013.

Trade of the Day: BAC - BAC