Financial Services Craziness


Seems like a great time to pick up a bargain in Financial Services.  Bank of America bought Merrill Lynch this week for $USD 50 billion and now there are talks of Lloyds TSB merging with HBOS – wow! Currently, the market values HBOS at £10 billion after shares dropped 51%.

Markets always bounce back, now is a good time to invest. If you have the money.

Fred has some interesting advice for the brains behind the number crunching at investment banks – join a startup in NYC.  Or move to California, the weather is better there. 

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