(The sale) would not surprise me. (It would be) consistent with what we have been saying about downsizing in international retail brokerage.
Financial consultants like stability. Merrill needs to make sure its brokers are convinced that management's interests are aligned with theirs.
We still like the equities market and think the S&P 500 could potentially go through 1300 this week.
Anything that affects the balance sheet in this magnitude is important.
This year has been a market for all types, and in just eight weeks. If you don't like what you see today, then just give it a day or two.
