raja

Is Merrill Lynch Throwing in the Towel on CDOs?

This is like slow poisioning, week after week. If they all tell us the truth, all these financial stocks will be in single digits. Look at Thain playing the market as he repeatedly has been saying once every month that they have adequate capital, only to raise more and more.

This is not over yet ! Dont let the size of the write downs fool you. Instead of writing down 40 billion at once (and you can imagine what that can do to the stock price) they are splitting it by giving us so-called lower write downs on a monthly basis. Talk of playing the market