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Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."

 
FRENCHY
User ID: 320427
France
11/02/2007 06:45 AM
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Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Charles Merrill Fears Market Crash!

Fearing a stock market crash worse than 1929, Charles Merrill ( [link to www.merrillcharles.com)] of Palm Springs, cousin to the founder of the Merrill/Lynch dynasty, is quickly converting to gold coins.

"Merrill Lynch is crashing, due to the ineptness of the CEO. No matter who is running Merrill Lynch & Co., it's going to need a regimen of restraint and recuperation after getting badly bruised by the global credit market shakeout. I predict a house of dominos, and the whole stock market is going to crash," stated Merrill.

The world's largest brokerage took a $7.9 billion writedown for subprime mortgages and asset-backed bonds whose values went sour. Many on Wall Street believe there's more where that came from - maybe another $4 billion - and Merrill Lynch's leadership will need to reduce risk and rebuild morale among its ranks.

Merrill stated in a Palm Springs interview with Michael L. Grace ( [link to www.michaellgrace.com),] "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."

[link to www.inteldaily.com]
Anonymous Coward
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11/02/2007 07:45 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Of course if it's not your money that you "take out" "the money" (funny)... you put it on a barge and dump it in the ocean. Answering the question; 'if all the markets contributors indicators are showing down turn, where is the money going?'.
Anonymous Coward
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11/02/2007 07:49 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Can you say the market really going down if not else is going UP?
Jomama

User ID: 320690
11/02/2007 07:55 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Good boy, cousin, blowin' the whistle like that.
to herd or not to herd
[link to djomama.blogspot.com]
Anonymous Coward
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11/02/2007 08:12 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
sheepI hope you can digest your gold.
Jomama

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11/02/2007 08:24 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
sheepI hope you can digest your gold.
 Quoting: Anonymous Coward 316713


I hope you enjoy your dumpster diving.
to herd or not to herd
[link to djomama.blogspot.com]
FRENCHY (OP)
User ID: 320427
France
11/02/2007 09:31 AM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Can you say the market really going down if not else is going UP?
 Quoting: Anonymous Coward 282378


Fed's cut quarter of a point did not suffice to convince foreign investors. The market is already doomed, its value only artificially maintained in order to avoid panic.

It may go up or stabilize before closing, but for how long?
HALMO
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11/02/2007 09:17 PM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
address correction...

[link to www.merrillcharles.com]
Anonymous Coward
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11/02/2007 09:37 PM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
Is this a joke? Faggy cousin to Merrill Lynch founder?

Regardless, hide your gold from who? Thieves or government agents confiscating physical assets? Maybe they are the same thing.

The physical gold bugs dismiss the possibility the Fed resets the value of precious metals used for currency transactions. It's happened before.
Anonymous Coward
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11/02/2007 09:47 PM
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Re: Merrill/Lynch : "There is going to be a major stock market crash, so protect your assets. Buy physical gold and hide it."
the deflationary tsunami coming will be beyond your wildest expectations



you cant eat gold , get into hard assets


a ,plow, a horse, some seeds, water and guns


and a few chickens....oh and a plot of land far from ravaging hordes

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