Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (54146)	3/16/2008 9:30:12 PM
From: ChinuSFO	Read Replies (3) \| Respond to of 542904

Markets rocking and rolling Not sure if this is good or bad. What do you think? Is the dollar crashing? What happens to gas prices? Where can I check it out?

To: Bearcatbob who wrote (54146)	3/16/2008 9:48:18 PM
From: Katelew	Read Replies (2) \| Respond to of 542904

Bob, the Bear Stearns news is unbelievable!!!! I was just looking at it Friday, trying to figure out what the book value might actually be as a sum of the discounted parts. What I remember most clearly was their relatively new office bldg. on Madison Ave. was valued at $12 per share, even after factoring in the recent declines in NY corporate real estate. They were bleeding assets as accounts were leaving, but still Barrons gave the retail brokerage business a value of, I think, $20 a share. The institutional part was valued at zero, but now it appears its value was a huge negative number!!!! This is devastating news. Every other investment banker has some level of counterparty risk to Bear, I would think.

To: Bearcatbob who wrote (54146)	3/16/2008 10:19:09 PM
From: Cogito	Read Replies (1) \| Respond to of 542904

>>Hey gang - check out the financial news - Bear Sterns sold for $2 per share tonight. Fed cut interest rates on a Sunday. Gold now at $1021.20. Markets rockin and rollin!<< Bob - I expect a seriously down day tomorrow in reaction to the news about Bear Stearns. It's mind boggling. I spent a lot of time at Bear Stearns as an IT consultant in the 90s. In that role, I had occasion to meet and work with a lot of people there. I feel terrible for all of them today. This is just an astonishing collapse, and it has happened over the course of a few days. Incredible. - Allen