All the bad news seem to be in the stocks. I think maybe a dividend cut across the board would help them rebound. John Thain bit the bullet.. I told you it was coming. He put Merrill on the block so he could get a bonus. Trust me when I tell you that he opened the window and jumped out knowing he had a golden parachute. Stan Oneal may have opened the pandora box but John Thain sold the ML shareholders out to the devil... Lets see how long BAC lasts. Those ML assets are toxic. Where is Brittney Spears when you need her...LOL
Seems to me that if the ML assets were toxic enough to destroy BAC then ML would have blown up and the ML shareholders would have done far worse had they not merged.
where's the growth going to come from? why buy the stocks anyway? Citi just did a $12 biln bond offering GUARANTEED by the FDIC. The common is waterlogged, buy the debt.
Now everyone is quoting the TOXIC term for the assets. This is the proof dating back to January. Elitetrader is setting the trend for the markets. Where is the next leg of this market. AIG down here is a gamble all or none... I can't stomach that trade any thoughts. Where is Brittney Spears... TOXIC