Bear Stearns purchased for $250 Million by JP Morgan Chase. Bear Stearns specialized in Mortgages, has been around forever and is sold for a quarter bil? I predicted that the market would drop into the 11,000'a but with this news I expect the market to freee fall this week and maybe we'll see 10,000 range.
Sale happening on a Sunday? With Fed oversight? Trying to beat the Asian stock market opening? Not goo at all.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment