I agree with ya, Ehsan, its just that this news caught me by surprise. I didn't know what
to expect, but I can guarantee you it wasn't that. Or at least the terms, mainly the 2
dollar part. Maybe it creates a oversold rally? I dunno, I guess I'll see tomorrow.

Masun, you shouldnt be scared of the market, the best time to jump into the market is when
everybody else is fearful and pulls out. In the long term this buy out wont mean too much
for other stocks, so tommorow it will be hectic, and even a few months out it also may but
six months it will subside. Patients is somthing that you really need to have in this
industry to do well.

I just read that on Yahoo Finance. I can not "effing" beleive that. I'm scared of the
market now, period. I wonder what monday will bring.? They got the bailout, but jesus, 2
dollars? How much did they lose? I'm scared to find out. I think there is going to be so
much red tomorrow, its not even funny. I am glad as hell I'm in cash right now.

SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase (JPM:JPMorgan Chase & Co
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Last: 36.54-1.57-4.12%

4:02pm 03/14/2008

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JPM 36.54, -1.57, -4.1%) has agreed to buy Bear Stearns [s:bsc] for $2 a share in a
stock-swap deal, according to a report in the online edition of the Wall Street Journal
citing people familiar with the matter. J.P. Morgan will exchange 0.05473 shares of its
common stock per one share of Bear Stearns stock. Both boards have approved the
transaction. The Journal reported people familiar with the discussions said all sides were
pushing hard to complete an agreement before financial markets in Asia open for Monday
trading. The Journal report quotes Treasury Deptartment spokeswoman Michele Davis as
saying, "None of these things is done until they're done. But I think everyone's
expectation is sometime in the early evening hopefully" the deal will be done

Last edited on: 03-17-2008 03:28 pm

yea BSC going to be in big trouble tomorrow

I don't know about the Visa IPO, but the market is not done selling off. It is difficult
to see what the market has already priced in. I believe commodities are discounting
serious inflation in the coming years which mean higher interest rates. The Dow could see
9000 before going higher. In real terms, ahha, I don't even want to get into those
details!!!!!!!!

Haha, quit defending Cramer or bashing him! The main reason Cramer got anything wrong is
from refering to this housing bust to the early 90's housing cycle where no investment
bank had much risk. I pointed this out as soon as he was (late) beginning to see it
unfold late last summer. He should have also sticked to his guns when he first made the
decision to short BSC but later changed his mind to a buy.

Pickers, I have three points I'd like to make:

1. If you can't get in the VISA IPO, and that means BEFORE THE OPEN MARKET,
avoid the damn thing. The euphoria around this stock is insane. Wait a couple
days, weeks, maybe months, and let the stock come down. I would actually wait
until the 180 day lock period is over for insiders and underwriters to flip the
thing and make their millions.

2. Get those shopping lists ready if we retest that 1270-1275 range on the S&P
500, we have bounced three times now since January. If you can't buy when the
market is crap like this, you probably should never be buying the stocks you are
looking at. Either rethink WHY you want to buy the stock, how LOW it can go, and
for how LONG you would like to hold the stock.

3. Finally, STOP BASHING CRAMER ON BSC! If you could do any better, you wouldn't
be on this site asking for help or whining like a little kid. A. You have never
run your own hedge fund and B. You don't stick your neck out and make hundreds
of picks each year to millions and millions of viewers. If you have, then I
stand corrected and would love to see your portfolio performance. Included in
this, I would like a Sharpe ratio, measure of alpha, appraisal ratio, a
comparison of your portfolio vs. 10-15 of the top 100 mutual funds, and also a
breakdown (by percentage) of your top 5 holdings over the last three months.
Until you can do this, get over the fact that Jim messed up on a speculative
pick. I'm sorry, but this constant whining makes me sick. Do your homework
before you buy, and if you don't like what you read, or here, DON'T BUY!

Hope this isn't too rude but everyone needs to chill out. We all hate losing
money and everyone always needs scape goat. Look in the mirror for once.

Good luck out there this week, should be interesting. I know I'm excited!

-Kurt
Asked by Kurt Anders 8 minutes ago - 1 answers - 3 views
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If you don't have conviction, buy some diversified index funds, ETFs, or seek
help from a financial adviser. This game is too rough if you don't know how to
play by the rules. You must learn who runs this game and until you do, it will
be painful. Every day is a new day and a chance to learn something new. We all
need to take accountability for our own actions, our wins, our losses, and STOP
blaming every one else when something goes wrong. Look, Jim makes mistakes, you
make mistakes, we all mess up. The name of the game is to have your winners
outweigh your losers for a bottom line positive gain. For every winner, you will
probably have a loser. The key is to have that winner be bigger than the loser.
Get it?
Answered by Kurt Anders

Forget BSC

Get VISA on Tuesday

Round Da Troops,We going Shopping!

I agree with Ehsan. Cramer got it wrong. He probably thought that Bear would come back. I
can't rembemer who it was on CNBC, but someone said that back in 1990, a lot of people
were doubting Bear and it didn't go under. They just saw the same thing happening again.
They all thought Bear was in great shape. However, what they didn't know was that the CEO
was lying about the financial situation of the company. I could be wrong, or maybe someone
said this already, I think the Bear thing friday caused the panic selloff. I mean, we
could have still been down going into the weekend, but not by 195. My opinion on Bear, is
a don't buy. The only thing I'm bullish on in this market is either gold or oil. I
wouldn't buy the stocks either, I'd buy the ETF's.