If you sell it now, you will have realized loss. 401k is for long-term investment, don't worry too much.

-

BoA.

I don't think so, BOA 才用$50 billion 买了Merrill Lynch.

Morgan Stanley 有可能是下一个

虽然今天政府出来救市了, 还说要用1万亿set up 一个resolution trust fund.  这两天可能会反弹一下, 但这只是一个虚像, 楼市一天不见底, 银行的坏帐还是会陆续出来. 所以股市还是会跌, 跌破1万点也有能. 

Morgan Stanley, Wachovia, Washington Mutual 有可能是下一个Leh. 

不出逃 401K, longterm investment就让它跌吧......但别把超过10%放在自己的公司股票上.

-

That's the problem.

First of all that's an all-stock deal and didn't cost BOA a penny of cash. It jut didn't have the cash. 

BAC stock was down >20% this Monday on the news. That's the market's vote on the deal. Lewis and Thain first talked to each other on the Saturday and deal was reached on Sunday. Due delligence? What due delligence? Currently MBS markets are virtually shut down. That means there's no mark-to-market and I-banks can price their book value whatever they want - just as Lehman has shown us. BOA has no idea what it has bought.  Adding to the problem is the Countrywide deal, also invloving a garbage book of who-knows-what.

Why buy Merrill? Somebody from "high above" wanted that and applied certain pressure on BOA. Otherwise Merrill could fail. BOA has a little motivation, too: by acquiring one more big guy it may make itself "too big too fail". At the end of the day, though, the worst situation is now it makes itself too big to save.  

他们说wellsfargo很保守，估计比较安全。。(不排除闷骚哈）