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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (76324)	3/16/2008 8:56:31 PM
From: maxncompany	Respond to of 116555

The question that Wall Street doesn't want asked, and certainly not answered.

To: SouthFloridaGuy who wrote (76324)	3/17/2008 4:37:31 PM
From: $Mogul	Respond to of 116555

If Bear is worth $2, that begs the question, what is every other broker worth? They are lucky they threw them a bone at $2. Yes, they are all trading on wind and some notional value that has no mathamatical or legal merit. Until they get to tangible book they are all overvalued. I expect a few more to go by the wayside. All the banks are trying to sell off their broker dealers at the moment. The stock markets showed it's cards with this Bear thing. One day it has a book value in the billions and the next day it's balance sheet does not matter and it's bank the Fed cut them off..and forced them into BK and basically allowed JPM to take them over. Gov't said goodbye to BSC in one day. You think you have assets..think again. The gov't owns all of us..which is really scary and became very apparent to me the other day. I guess the next time the NY Gov. gets caught with a prostitute..you know a financial institution is going to fail a few days later. Put that one in the trader almanac.