40 Years In The Deserr: Retaliatory Downgrades, or Wall Street as Sketch Comedy

Thursday, March 27, 2008

It appears that in response to JP Morgan and UBS cutting earnings estimates on Merrill Lynch, Merrill Lynch has cut its ratings on Bank of America, PNC, and SunTrust.

At least that's how I read the article....Weird Kabuki dance this.

Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.