Merrill Lynch is way below its highs of last spring, ... This (Internet) announcement doesn't really reflect any change in their other business endeavors.
More Quotes from James Schmidt:
I think this is actually a pretty comfortable time to invest in banks, ... but a lot of people are flocking to financial funds right now.James Schmidt
As an investor, you can take some reassurance in the fact that after an initial period of loss of business, there will be a lot of cash and insurance proceeds flowing into the area,
James Schmidt
We want to be a good neighbor, ... There's got to be a sensible balance.
James Schmidt
If it had jumped the road, it might have burned up to the bridge or even farther,
James Schmidt
The stock is really looking ahead to better times down the road. We're expecting of course a Fed rate cut and a resurgence in investment banking activity into next year.
James Schmidt
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