Archive for March, 2008
Do not believe today’s rally
We refuse to believe that this is a positive rally. With the DOW opening up almost 192 points, we believe the selling occuring today is a wind down of the marets. Yes, the stock have rallied this morning but there is a slew of bad news on its way. Lehman, Morgan, etc… When the dust […]
Urgency of completing the deal before world markets opened.
“The Federal Reserve and the U.S. government swiftly approved the all-stock buyout, showing the urgency of completing the deal before world markets opened. The Fed also essentially made the takeover risk-free by saying it would guarantee up to $30 billion of the troubled mortgage and other assets that got the nation’s fifth-largest investment bank into […]
Dow Jones Down 272 before market open
Dow Jones Down 272 before market open
Did I mention that we have 11 hours before the opening?
More goods news to come… How big will the cut be this morning?
Why Bear Stearns Purchase is made before markets open
So why was the 5th largest investment bank purchased before markets open?
The Federal Reserve is willing to back JP Morgan for the tune of $30 billion before markets open because they do not did not want Bear to open on Monday morning. Let’s do everything we can to avoid Bear Stearns from sinking to $2 […]
Hang Sang Hong Kong now off 5.2%
After only 7 minutes, Hang Sang Hong Kong now off 5.2%
Hong Kong opens off 920 points or over 4%
Hong Kong opens off 920 points or over 4%
Nikkei off 4.2%
Nikkei off 4.2%
Bear Stearns now at $2 a share !
BSC (BEAR STEARNS COS THE)
30.00 -27.00 (-47.37%) Mar 14 4:01pm ET
Open:
54.24
High:
57.00
Low:
26.85
Volume:
186,986,843
Avg Vol:
11,937,000
Mkt Cap:
3.54B
Let’s say for example Bear Stearns is trading at 30 on Friday, worth 3.54 billion on Friday then is sold over the weekend for $234 million. The stock is now worth $2 a share !!! Huge Hit !
The news of this alone will be devastating on the front […]
Gold up $37.60
Dow down 208 at 6:45 PM
Nikkei down 3.68% at 6:44 PM
Nikkei down 3.68% at 6:44 PM