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WoW! Toddsterpatriot must have a filter on his computer that blocks out anything he doesn't want to see, hear or believe. Where do I buy one?

Wow! That's pretty funny! In case anyone thinks that Merrill Lynch is infallible, I present a chart of their stock for the last year.

Earnings for the last year were a loss of $9.69 per share.

Merrill Lynch's official statement to their shareholders

The shareholders who saw the stock drop from $95 to $57 appreciate the statement. They'd appreciate not losing 40% in the last year a little more.

Merrill Lynch states:

ML assumes...

ML expects...

ML believes...

That is ML's third declarative statement of RECESSION

LOL! You'd think their impressive record of economic prognostication would have lead to a rising instead of a falling stock price. They're so good, you'd expect an annual profit instead of a $9.69 per share loss.

Sorry for shouting, but it was worth repeating, and firmly, otherwise some might be tempted to be swayed by Toddsterpatriot's desire to disregard all of this key information.

Sorry for laughing, but my predictions for the last year seem to have worked out much better than Merrill's.

to see why Merrill Lynch believes

Believes. Not knows.

so you can see the FACTS of the matter

Still laughing.

This information is not some editorial garbage,

LOL!

and FWIW the conclusion by Merrill Lynch that we are already in a recession that will be deep and will be long.

I'll wait to see the huge earnings Merrill posts the next two quarters.

Never mind the attempt to ignore that compelling financial data

Predictions are not data.

Given the performance of Merrill Lynch last year along with their need to go begging to sovereign wealth funds to stay afloat, it's no wonder they see nothing but doom. They're the last organization I'd be looking to for advice about the economy...unless of course you believe that a global financial collapse is upon us and 25% unemployment and soup lines are just around the corner.

Some of these guys will even tell you that it won't be long before we're killing each other outside Kroger fighting for the last box of Corn Flakes. What a depressing way to go through life.