$2 we could buy it

Bear Stearns Cos Inc/The
Industry: Finance-Invest Bnkr/BrkrAdd Security to your Watch List

10:04 New York Currency: USD

Price3.729 Change-26.271 % Change-87.570 Bid3.640 Ask3.650 Open3.170
Volume47,892,124 High4.500 Low2.840 52-Week High159.36(04/25/07) 52-Week Low2.84(03/17/08) 1-Yr Return-97.422%


whoops, someone lost their ass. and i did watch that last week where bear told cnbc that 'rumors they had capital problems were ridiculous'

what i find so interesting about this is that since no one has any money left the fed is printing money out of thin air and providing that to the investment banks and securities firms to move forward. for instance jp morgan is going to buy bear stearns for $240 million but they have to use money provided by the fed to do it:

http://www.bloomberg.com/apps/news?...2JpM&refer=home

"In a further step, the Fed will provide up to $30 billion to JPMorgan Chase & Co. to help it finance the purchase of Bear Stearns Cos. after a run on Wall Street's fifth-largest securities firm. "



i wouldn't be surprised to see the euro-dollar to fall to $1.75 or worse by years end.

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quote:

Originally posted by diskodave Lehman Brothers is next in line...

Lehman Brothers getting murdered in the market today... down over 45% so far, not a buyer in sight. They are releasing their earnings tomorrow, should be interesting.

EDIT: LEH CEO going to appear on CNBC and make annoucement that everything is fine and balance sheet remains strong. Hahaha. Just like Bear Stearns CEO did last week? :P

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"Ibiza will be Earth’s final refuge after Armageddon" -Nostradamus

Last edited by diskodave on Mar-17-2008 at 17:27

when i first started at wells fargo on the mortgage side i was clueless about a lot of this. 6 months after being there i told some of my former coworkers, "the market is going to crash..and hard"..they ALL said they dont think so..sure enough just after i got laid off the market started taking a shit. now its even worse than it was then. its going exactly where i expected it. down the drain. hate to say it but i said this was going to happen almost 3 years ago.

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quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

quote:

Originally posted by ninetyninej i wouldn't be surprised to see the euro-dollar to fall to $1.75 or worse by years end.

some analysts are projecting the dollar will fall to 40.00 before the fed is done cutting rates

bear stearns @ $2/share... really makes you wonder what all the other massive investment banks are worth.

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quote:

Originally posted by R!CH some analysts are projecting the dollar will fall to 40.00 before the fed is done cutting rates bear stearns @ $2/share... really makes you wonder what all the other massive investment banks are worth.

damn i really hope not. its getting pretty bad as it is. stupid bernanke needs to raise rates a lot. such an idiot.

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quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

i spoke to someone yesterday who is now selling/shipping a lot of international orders b/c the dollar is so cheap...

how much do you think foreign purchases and an increase in tourism can help out market (especially when we get a new president)?

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Jaded, old fart is me.

quote:

Originally posted by 72hrpartyanimal i spoke to someone yesterday who is now selling/shipping a lot of international orders b/c the dollar is so cheap... how much do you think foreign purchases and an increase in tourism can help out market (especially when we get a new president)?

the foreign travel industry will have a positive effect, but the amount will be quite small. the amount that the banks are having to write off is so massive that it wont do much.

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quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.

quote:

Originally posted by 72hrpartyanimal i spoke to someone yesterday who is now selling/shipping a lot of international orders b/c the dollar is so cheap... how much do you think foreign purchases and an increase in tourism can help out market (especially when we get a new president)?

this will help the economy alot but definitely doesnt solve the problem. remember 60% of U.S. output is services so tourists will help alot but the problem is real estate (real assets) and financial assets.

quote:

Originally posted by R!CH some analysts are projecting the dollar will fall to 40.00 before the fed is done cutting rates bear stearns @ $2/share... really makes you wonder what all the other massive investment banks are worth.

thats posssible but HIGHLY unlikely, one in a million chance that will happen. so these analysts are suggesting a 4000% inflation rate before year end

ok im unsure i understand something..what is the difference between a "write down" and a "write off" or are they one and the same?

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quote:

Originally posted by bas Dual exhaust tips on dual exhaust = QUAD EXHAUST = 300 gain in horsepower. Duh

quote:

Originally posted by bas Undies with a dickhole aren't good for guys. Your balls can get caught in them. That's why I prefer to go over the gate instead of through the fence.