Merril Lynch Posts $4.65 Billion 2nd Qtr Loss - GoFuckYourself.com

DateDoc · 07-17-2008, 03:12 PM

SAN FRANCISCO (MarketWatch) - Merrill Lynch & Co. reported a $4.65 billion second-quarter net loss late Thursday as the brokerage firm continued to be hit by write-downs on large mortgage-related exposures. Merrill said it lost $4.65 billion, or $4.97 a share, during the second quarter, compared to net income of $2.14 billion, or $2.24 a share, in the same period a year earlier.

http://www.marketwatch.com/news/stor...7D&siteid=bnbh

crockett · 07-17-2008, 03:14 PM

Those idiots should have posted that on a Friday after the bell to give the market the weekend to get over the shock. Unless they want to let the short sellers have a ball Friday morning.

Drake · 07-17-2008, 03:17 PM

Ouch....

GetSCORECash · 07-17-2008, 03:18 PM

I own MER. it's already down in after tradeing, 28.80 -1.93 (-6.28%)

I bet you it's going to bring down all the financials with it.

DateDoc · 07-17-2008, 03:20 PM

Quote:

Originally Posted by SCORE-Cash

I own MER. it's already down in after tradeing, 28.80 -1.93 (-6.28%)

I bet you it's going to bring down all the financials with it.

It sure will.

ProducerCashDave · 07-17-2008, 03:20 PM

Thats a lot of cheese.

crockett · 07-17-2008, 03:21 PM

Quote:

Originally Posted by SCORE-Cash

I own MER. it's already down in after tradeing, 28.80 -1.93 (-6.28%)

I bet you it's going to bring down all the financials with it.

Yea it's gonna piss me off if it takes FRE down with it. I bought on a low yesterday and had a nice ride today. Hoping for a bit more before I sell.

BlackCrayon · 07-17-2008, 03:27 PM

Its too bad shit like this effects everyone because these idiots made their own bed by giving out mortgages like candy.

DateDoc · 07-17-2008, 03:27 PM

Quote:

Originally Posted by crockett

Yea it's gonna piss me off if it takes FRE down with it. I bought on a low yesterday and had a nice ride today. Hoping for a bit more before I sell.

FRE is down 4.32% after hours and FNM 4.85%

WebairGerard · 07-17-2008, 03:30 PM

wow now many of financials are gonna take a hit

DateDoc · 07-17-2008, 03:39 PM

Reuters is saying it is a $4.9 billion dollar loss. http://biz.yahoo.com/rb/080717/merri...ults.html?.v=4

pornguy · 07-17-2008, 03:46 PM

What did they expect?

Drake · 07-17-2008, 04:02 PM

In related news, the government bailing out Fannie and Freddie adds trillions to the national debt.

https://youtube.com/watch?v=rcIBFLSmVGA

directfiesta · 07-17-2008, 06:07 PM

which countries will get the keys of the country ?

DateDoc · 07-17-2008, 09:03 PM

Quote:

Originally Posted by directfiesta

which countries will get the keys of the country ?

All will be fine - just not in the next 6 mos.

heymatty · 07-17-2008, 09:33 PM

Google also took a big hit after hours, gonna be a rocky day for me tomorrow

Bliz · 07-17-2008, 09:49 PM

No shit!!!

My next door neighbor is the vice-president of a Merril Lynch brokerage. I was talking to him last week about the markets, and he was bragging about making a killing in oil. I figured they were doing great by talking to them. Maybe that explains why he lowered his head when I started talking about the housing and banking market.

Dagwolf · 07-17-2008, 09:54 PM

I wish I had enough money to experience losses that big.

Vendot · 07-18-2008, 02:10 AM

Quote:

Originally Posted by Mike33

In related news, the government bailing out Fannie and Freddie adds trillions to the national debt.

https://youtube.com/watch?v=rcIBFLSmVGA

Haha........ you gotta love Jim Rogers.

xmas13 · 07-18-2008, 02:41 AM

So where are AZ/CA/NV/FL real estate investors? I thought you guys said economic fundamentals were so great, demographics so good, demand so high, money so cheap, supply of foreign suckers so large, prices would never go down.

Huh?

07-17-2008, 03:12 PM	#1
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Merril Lynch Posts $4.65 Billion 2nd Qtr Loss SAN FRANCISCO (MarketWatch) - Merrill Lynch & Co. reported a $4.65 billion second-quarter net loss late Thursday as the brokerage firm continued to be hit by write-downs on large mortgage-related exposures. Merrill said it lost $4.65 billion, or $4.97 a share, during the second quarter, compared to net income of $2.14 billion, or $2.24 a share, in the same period a year earlier. http://www.marketwatch.com/news/stor...7D&siteid=bnbh __________________

07-17-2008, 03:14 PM	#2
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Those idiots should have posted that on a Friday after the bell to give the market the weekend to get over the shock. Unless they want to let the short sellers have a ball Friday morning. __________________ In November, you can vote for America's next president or its first dictator.

07-17-2008, 03:18 PM	#4
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	I own MER. it's already down in after tradeing, 28.80 -1.93 (-6.28%) I bet you it's going to bring down all the financials with it. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

07-17-2008, 03:20 PM	#6
ProducerCashDave Confirmed User Join Date: Jun 2006 Location: In Your Brain Posts: 3,983	Thats a lot of cheese. __________________ 15 Exclusive Sites By Top Brand Name Studios! $25 PPS \| 50% Revshare \| 5% Webmaster Referral David K. \| Account Manager \| www.ProducerCash.com ICQ: 480757149 \| david AT producercash DOT com TOLL FREE: 877-549-1112

07-17-2008, 03:27 PM	#8
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	Its too bad shit like this effects everyone because these idiots made their own bed by giving out mortgages like candy. __________________ you don't know you're wearing a leash if you sit by the peg all day..

07-17-2008, 03:17 PM	#3
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	Ouch....

07-17-2008, 03:30 PM	#10
WebairGerard Confirmed User Industry Role: Join Date: Sep 2005 Posts: 8,113	wow now many of financials are gonna take a hit __________________

07-17-2008, 03:39 PM	#11
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	Reuters is saying it is a $4.9 billion dollar loss. http://biz.yahoo.com/rb/080717/merri...ults.html?.v=4 __________________

07-17-2008, 03:46 PM	#12
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	What did they expect? __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

07-17-2008, 04:02 PM	#13
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	In related news, the government bailing out Fannie and Freddie adds trillions to the national debt. https://youtube.com/watch?v=rcIBFLSmVGA

07-17-2008, 06:07 PM	#14
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Montreal, Quebec Posts: 29,654	which countries will get the keys of the country ? __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....

07-17-2008, 09:33 PM	#16
heymatty Confirmed User Join Date: Oct 2001 Location: Scottsdale :) Posts: 2,188	Google also took a big hit after hours, gonna be a rocky day for me tomorrow __________________ Cashlantis ~ Black Book Cash

07-17-2008, 09:49 PM	#17
Bliz Confirmed User Join Date: Sep 2001 Location: on da beach Posts: 316	No shit!!! My next door neighbor is the vice-president of a Merril Lynch brokerage. I was talking to him last week about the markets, and he was bragging about making a killing in oil. I figured they were doing great by talking to them. Maybe that explains why he lowered his head when I started talking about the housing and banking market.

07-17-2008, 09:54 PM	#18
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	I wish I had enough money to experience losses that big. __________________ Sleep well, and dream of large women.

07-18-2008, 02:41 AM	#20
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	So where are AZ/CA/NV/FL real estate investors? I thought you guys said economic fundamentals were so great, demographics so good, demand so high, money so cheap, supply of foreign suckers so large, prices would never go down. Huh? __________________ ICQ 557504926 Last edited by xmas13; 07-18-2008 at 02:42 AM..