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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (347188)	11/2/2007 8:01:57 AM
From: ldo79	Read Replies (1) \| Respond to of 436258

Speaking of ML.................Couple days old tinyurl.com Charles Merrill Fears Market Crash Tuesday October 30, 11:32 am ET PALM SPRINGS, Calif., Oct. 30 /PRNewswire/ -- Fearing a stock market crash worse than 1929, Charles Merrill (http://www.merrillcharles.com) of Palm Springs, cousin to the founder of the Merrill/Lynch dynasty, is quickly converting to gold coins. "Merrill Lynch is crashing, due to the ineptness of the CEO. No matter who is running Merrill Lynch & Co., it's going to need a regimen of restraint and recuperation after getting badly bruised by the global credit market shakeout. I predict a house of dominos, and the whole stock market is going to crash," stated Merrill. The world's largest brokerage took a $7.9 billion writedown for subprime mortgages and asset-backed bonds whose values went sour. Many on Wall Street believe there's more where that came from - maybe another $4 billion - and Merrill Lynch's leadership will need to reduce risk and rebuild morale among its ranks. Merrill stated in a Palm Springs interview with Michael L. Grace (http://www.michaellgrace.com), "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."