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Late Rumor Fails to Punch Market Back Up

Started by SemiBizz , Mar 14 2008 02:51 PM

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9 replies to this topic

#1 SemiBizz

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Posted 14 March 2008 - 02:51 PM

Bear Stearns in talks with JP Morgan... :wub:

Bear Stearns will be opening under these prices, DEAL OR NO DEAL!! :lol:

Sure why not merge the derivative disaster into one big disaster? Posted Image Posted Image

A healthy consolidation no doubt.

A constipated pig... just feed it a case of ExLax and stand back :lol:

Edited by SemiBizz, 14 March 2008 - 02:52 PM.

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#2 JAP

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Posted 14 March 2008 - 02:56 PM

Was that the spike on SPY at 3:15pm?

#3 hiker

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Posted 14 March 2008 - 03:05 PM

that "spike" was part of the move to retrace 50% of the decline from yest close.

#4 pdx5

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Posted 14 March 2008 - 03:06 PM

Sure why not merge the derivative disaster into one big disaster?
A healthy consolidation no doubt.


The idea being it will then be TOO BIG TO BE ALLOWED TO FAIL :lol:

Too many jobs will be lost....blah blah blah...

That is the argument they used in bailing out Chrysler eons ago.
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#5 SemiBizz

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Posted 14 March 2008 - 03:17 PM

http://bigcharts.mar...&mocktick=1.gif

Here's the next bailout... Which Pig are they going to consolidate with it? Wells?
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#6 hiker

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Posted 14 March 2008 - 03:24 PM

WM..I entered it short this week on the move above 12.50....chickened out and closed the short today. briefing.com IN PLAY section posted a good analysis of WM buyout value with some adjustments. worth a read. not sure who the author of the analysis is ...have it saved but not handy at the moment.

Edited by hiker, 14 March 2008 - 03:26 PM.

#7 SemiBizz

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Posted 14 March 2008 - 03:27 PM

Probably get another shot on Monday at shorting it again. Slippery Slope of Hope you know... You just watch all the bulls come out of the woodwork with all their sentiment junk this weekend. By Sunday Nite, you will swear we had closed today up 200 pts... :lol:

Edited by SemiBizz, 14 March 2008 - 03:28 PM.

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#8 hiker

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Posted 14 March 2008 - 03:34 PM

for the record then: 131.36 SPY close Wed 131.65 SPY close Th 129.21 SPY close Fr GLD 98.34 Th 98.71 Fri...new all time high is 99.53 achieved today (prior ath was 98.73)

Edited by hiker, 14 March 2008 - 03:35 PM.

#9 milbank

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Posted 14 March 2008 - 03:48 PM

Like I said, banks won't go bankrupt. They will be "acquired."

"The power of accurate observation is commonly called cynicism by those who have not got it."
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#10 TMN

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Posted 15 March 2008 - 08:34 AM

to me, between the lines, this is one last attempt by jpm to not be hit with the avalanche of cds stuff. after all, they have the largest credit derivatves book in the world. throwing some billion $ at bear seems probably cheaper right now. personally i have my doubts it will help much as the chain of events will keep going relentlessly. i believe there will be forced acquisitions and bankruptcies as well going forward. bear's problem is that apart from the business that just fell apart there is not much to look for, prime brokerage is declining as clients pull funds as well... frankly: who needs anything bear has right now? probably nobody!
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