NEW EARNINGS ESTIMATES FOR MERRILL LYNCH...

...as predicted in October 24th (you can see it here), just before the earnings were posted to the markets, those previous estimates were far too much optimistic, especially the Q4 rebound from the Q3 estimated losses.

Now we've got new estimates but I still think there are too good to be true, especially the suposed recovering from a negative Q3 2.85 EPS to a positive Q4 1.13 EPS. Let's wait and see what happens...