28 March 2008
Retaliatory Downgrades, or Wall Street as Sketch Comedy
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.
At least that's how I read the article....Weird Kabuki dance this.
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