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 […]
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 […]