The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Jan 15 4:00 PM EST

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To: Investor2 who wrote (3725)	3/16/2008 7:47:48 PM
From: Boca_PETE	Read Replies (2) of 10065

GAD ZOOKS! From $82 per share book value to $2.00 per Share Market Value. JPMorgan Chase to acquire rival Bear Stearns in a deal valued at $236.2 million, a stunning collapse for one of the world's largest and most venerable investment banks. biz.yahoo.com Talk about DEFLATION, Holy Smokes! It sounds like the FED (ie. U.S. taxpayers) will not be backing up anything in the acquired portfolio. Instead, Bear Stearns shareholders are absorbing the losses. That seems fair to me. As of 7:50PM EDT tonight, stock market futures ARE UP. bloomberg.com P

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