Market Craze

Can anyone imagine being a Bear Stearns shareholder. I was watching FBN last Friday when BSC took the big dive down 50%. I was there thinking this might be a buying opportunity. Luckly I was sitting on my hands and didn't buy any. So J.P. Morgan works thru the weekend and convinces Bear to be sold for $2 a share, thats $2 dollars a share. Monday morning comes around and now its down 90 some percent to a little over $2 a share. But Tuesday it closed at close to $6 a share, is the market telling us that J.P. Morgan will end up paying more for BSC then $2 a share. Only time will tell, but J.P.Morgan can throw out a few more dollars a share and still make a killing.
LT Trader