I've always thought that Merrill had a lot of fat to trim. This is a fulfillment of those promises they made.

157

I don't think there's any [major brokerage] operating at 100 percent efficiency. It's just that Merrill has a little more room to scale back than some of the other firms, but I view that as an opportunity.

137

Merrill Lynch is still quite profitable in a very tough year.

116

Mutual funds continue to be the most cost-effective means of investing.

82

If the Europeans do buy, it won't be now. A lot of the time they prefer to wait until the coast is clear instead of bottom tick the market.

76

Schwab is clearly the more likely to survive.

57