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Answers I Really Wanna Know: Is Merrill Good or Bad?

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News of selling from the troubled financial hits the tape.

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  • Would "personal reasons" include not wanting to be on the board of a bank that might go under (not saying they will--note the "might") while your dad is running for President?

  • Was Merrill Lynch (MER) the definition of "you can learn a lot just by watching" yesterday?

  • If other banks mark their holdings to market at 22 cents on the dollar-which they seemingly have to do-how many toe tags will we see?

  • For those that survive, doesn't that leave the door open to "mark-ups" once a whiff of positive news waffles through the mortgage market?

  • Is the most significant element of the Merrill news the fact that foreign buyers have awoken after a long-and costly-slumber?
  • Or is it the fact that, hidden in the fine print, we learn that Merrill will be financing 75% of the purchase price of it's CDO portfolio to the affiliate of Lone Star Capital (and it will be the only holding in said affiliate)?
  • In other words, if the value of the CDO holdings melts even still, isn't Merrill still on the hook?
  • What will President Tyler have in store for us today?

  • Do we have to see a probe lower before a try higher (given yesterday's action)?

  • If she and Stella can get their groove on, wouldn't that be a strong first step towards a technically significant higher low?

  • If and when that arrives, will you remember to view the dew through the appropriate frame of reference?

  • When will the mainstream media figure out credit problems-not car problems-are what ails General Motors (GM), Toyota (TM) and Ford (F)?

  • What'll come first-the fingers or the dike?

  • How come I think of Uncle Buck every time I see the stock Molex?

  • Is anyone else ready for the "other side" of the prolonged period of socioeconomic malaise?

  • Will Redemption Songs play one year after the fact?

  • Is this the most outrageous moment in television history?

  • While I see the credit default swaps percolating in Washington Mutual (WM), what does it say that the stock is green in the face of short-sellers everywhere I look?

  • Too smart to buy it and too scared to short it?

  • Has it really been 42 years to the day since Adam Harrison was born? (Happy Birthday brother and enjoy the Boss!)

  • Are they holding the equity-wide short-tick rule in their back pocket for when they "need" it most?

  • Or is that what they want us to think?

  • Him doesn't like it when we talk about this, does him?

  • Are 10-20% intraday moves in big cap stocks bullish any way you slice it?

  • Am I dreaming with the Silver and Black Favre thang?

  • Is anyone else amazed, simply amazed by how quickly time passes?

  • When's the last time you "Did something Joel?"

  • Can you please circle Thursday, December 4th (not yet locked) for the Minyanville Festivus for Children's Education?


R.P.

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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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