Karl Zachar

Merrill's Moves Make It More Appealing Takeover Candidate

What would Goldman Sachs gain by buying Merrill? I think that is a crazy idea. Furthermore, JP Morgan just bought Bear Stearns. Will they really buy another broker?

The more interesting rumor is one posted on the NYT DealBook today stating that Goldman Sachs "might" be in the market to buy a bank if the price was right. Despite today's rally, we should continue to see weakness in the bank stocks so GS might get their chance. Now that would be risky and aggressive, but would make more sense than GS buying MER.

karlzachar.com

Jim Cramer's Mad Money In-Depth, 11/30/07: Holy Moly

For once I agree with Cramer. Buy a basket of beaten up financial stocks: C, MER, MS, BAC, etc and hold on for 2 years. You'll be in great shape once we flush out of this sub-prime mess.