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Merrill: credit crisis ?far from over?

posted 14 weeks ago on Blown Mortgage

It's nice to see the mainstream media cover more of the voices outside of the bottom callers who keep tripping over each other to be the first one to call bottom. Merrill Lynch's Chief Investment Strategist Richard Bernstein said that investors are "significantly underestimating" the risks still associated with the credit crisis and suggested that we are not even close to the end of the problems. I couldn't agree more - the more that the mainstream media gets this message out the faster we'll precipitate the changes that will get us to that bottom, where we can actually start a recovery. From Bloomberg: Financial stocks fell, led by Bank of America Corp. and Morgan Stanley, after a limit on short selling expired and Merrill Lynch & Co. said the credit crisis is "far from over."

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