From tomorrow’s WSJ comes a story hard to believe, It must be a mistake. B of A needed government funds to close the Merrill deal.
Here is Barry’s take on it, and he is angry. Time to Fire Ken Lewis of Bank of America
Asia is off 3% to 5 1/2%.
Oddly, we could get a counter-trend rally as the sellers exhaust themselves. But not counting on a long duration bounce.
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