Bear Stearns...Pick a Number...Any Number

If we have one more good week in the market, Bear Stearns could go for $30/share.

I stayed away from this trade at $4.95 and made fun of the long traders. They get the last great laugh on me. Congrats, truly to them.

This episode is a giant F#$@&$#$%^#$%& up for free markets.

Jamie Dimon was asked to show some balls on stepping up to Bear Stearns, he did, and now has to pay 5 times as much one week later. Thanks to FLY for his take on the deal analysis :

This is one of those markets I am glad to tell others they are better than me. I will continue to hang with the family and work on my private transactions.