No guts, no glory. But this market is very risky for me now. I don't understand why BAC pay $29 for MER. IMHO, this deal is not done yet. Furthermore, most likely, it is not a cash offer. In that sense, BAC may have some dirty laundry too. Its CFC deal already presents a huge uncertainty. Let's see what FED will do next. Also Cox may have some tricks too.
