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

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.