Bear Stearns in danger of blow up

Quote from Warrior4g:

a report issued today by a london newspaper stated that the feds move the other day was due to a potential U.S bank blow up.which they now believe was bear stearns. also,jp morgan announced today that they will work with the fed reserve to provide liquidity to bear stearns. Bear seems to be in trouble.
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Bond traders knew this before the "news" came out.
 
.... and $4 off low you know what? This is all becoming a game.

My recent communications indicate even folks who short regularly are sick of the insipid negative doomsters... this is one reply i got from a big player when I asked about Bear's 24 hour problem surfacing.......

Things happen quickly in this environment...and the quickest way to make
them worse is to talk negatively...too many out there taking advantage
of negative events.

Have a great weekend I'm off to Ct...
The state I can't spell. ~ stoney
 
no one saw this coming !!! when news hit the wire that jp morgan and the NY fed would help BSC with liquidity,that was a sign something bad was happening. i did not chase anything to the long side on the bs inflation numbers although i may have if the BSC story did'nt surface.
 
Quote from trader123abc:

stock_trad3r


Registered: Jun 2006
Posts: 5192


New Post 03-14-08 08:28 AM

UP is up chumps. Aside fr0m some financial stocks, most stocks have very strong fundamentals and low valuations in a low rate environment.

Those words will come back to haunt you!
As you really have no clue what is happening, none at all
You will be flat broke in time, if not already!
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I diagree. All he has to do is to hit the reset button on his investopedia.com simulator and he'll be back to break-even in no time ;)
 
Quote from Warrior4g:

no one saw this coming !!! when news hit the wire that jp morgan and the NY fed would help BSC with liquidity,that was a sign something bad was happening. i did not chase anything to the long side on the bs inflation numbers although i may have if the BSC story did'nt surface.
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Well, not no one. Looking at BSC's price action it should have been obvious but the CFO's bald faced lies in the last few days hoodwinked a lot of people, myself included. How many times do you have to be lied to by WS execs until you just look at price action and not the BS that comes out their mouth. Lesson learned for the umpteenth time. Still, today makes up for it.
 
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