Investors are voting with their feet.
Merrill Lynch clients pulled out $10 billion of their dollars in Q4, more than triple the amount ($3 billion) in Q3. Total clients assets at Merrill Lynch fell from $1.48 trillion to $1.25 trillion.
You can bet that what is happening at Merrill Lynch (MER: 0.00 N/A N/A) is happening at all the other brokers too. There’s more bad news coming for the brokerage group.
