noteworthy wrote:
This URL (from Ritholtz) is no longer valid ... It looks like it was meant to be a one-time-use URL that is only usable during a very brief window. The excerpt you/Barry provided isn't found anywhere else at the moment, and based on the comments at The Big Picture, no one has yet found it elsewhere.

Damn. This was one of the best things I've read on the state of the crisis. I'll check my machine tomorrow and see if I have it cached. Basically, no inflation, thinks hopes for a 2009 recovery that have been priced in over the past few weeks are going to be dashed, sees a commodities bottom forming (IE oil is now undervalued, possibly gold), says invest in good dividend companies -- utilities for example. Notes that cellphones are a staple in this cycle and consumers will continue to spend money on them while cutting other things (including food).

RE: Merrill Lynch on how fucked things are