Every day the Merrill Lynch bull runs across the screen on CNBC. They tell the world how to invest and why the world should invest with them. Investing with a firm that has eradicated billions and billions of shareholder wealth isn't a bright idea. They have shown the world they can't manage their own finances.
They need to make that money up somewhere and they will make it up alright. Every day the firm seems to be writing down more assets. They have diluted existing shareholders to the tune of 615,000,000 shares, to the point they have little opportunity to make up any earnings shortfalls in the near term.
They will make it up in the hidden commissions and fees from the legions of investors who use the brokers for buying or selling their investments. Brokers are not fiduciaries.
Invest at your own peril.
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