Bear Stearns goes for $2...BEHOLD...The Financial Markets

I guess I should have submitted my $4 offer!!!

Obviously short sellers are terrorists and we are at level orange or red or whatever Defcon 1 is because the Fed is now cutting rates on Sunday afternoons .

The stock market has become comedy, not a free market. Obviously, for every dollar lost there was a dollar gained on the demise of Bear Stearns stock, but oh my f@#king god it is not a free market anymore.

Bear Stearns according to Bloomberg was bought for $2/share . The stock was just $100 and a high of $160.

I got the news from the comments to my recent blog pot so thanks Dogwood. He tells me that the Nasdaq futures are up 30 points ( one plus percent).

I would have preferred a crash personally so let’s see how this looks six months from now. Basically, Bear was allowed to FAIL…right into JP Morgan’s hands.

Thoughts please…..