Wow! I am glad that I never even came close to this Bear Sterns (BSC). JPMorgan has officially bought Bear Stearns for $2 a share. What makes matters even worse is that the stock is currently sitting at $30!!! On top of that the stock was hit $27 down on Friday.
All this should be a lesson or wake up call to those messing with the financial sector. JUST STAY AWAY! Also don’t think because this stock is at $2 that there is no where to go but up. BSC will probably go nowhere.

Be very weary with the market tomorrow. I am just going to sit back and see what happens. Better to be safe than sorry.
More on this topic
(What's this?)
Bear Stearns Report: Relative to Income, Home Prices "About as stretched as [they have] ever been!"
(Wall Street Law Blog, 1/27/12)
Bear Stearns, Merrill Lynch Expected Housing Disaster (our all-time most viewed post; first publi...
(Wall Street Law Blog, 1/1/12)
Meltdown - The men who crashed the world
(Finance Documentaries, 10/22/11)