Bear Stearns just canceled their EPS report and JP Morgan wants to buy BSC for $2 per share!!!!!!!!!!!!!!!!! The FED just cut rates by 25 basis points. I mentioned the other day that rate cuts this time around will be viewed as an act of desperation. They are buying BSC for $270 million or $2 per share!!!!!!!!!! Japan in the 90's here we go. Get short and stay short
Sunday, March 16, 2008
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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