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.
Showing posts with label Bear Stearns. Show all posts
Showing posts with label Bear Stearns. Show all posts
Sunday, March 16, 2008
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