Merrill Investors' Reaction To Stan's Plan To Hit The Road Is Not Exactly Ambivalent

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No. Really. Are we still writing about this? Yes we are. As it turns out, Stan O'Neal is still the chief executive of Merrill Lynch.
At least for a couple of minutes more.
But one thing that is clear is that investors figure the sooner he goes the way of a subprime mortgage originator the better. Shares of Merrill are up like 5.2% right now on the rumor that O'Neal is O'Outta Here. This is one of the brilliant things about the stock market: it totally lets you know when you've over-stayed your welcome. No sitting around drinking the third bottle of red wine and thinking you are totally entertaining.
Someone should tell Chuck Prince about this, though.