Bear CFO: This Is Worse Than Net Bubble:

Discussion in 'Trading' started by capmac, Aug 3, 2007.

  1. capmac



    Bond turmoil worse than Internet bubble: Bear CFO

    Friday August 3, 2:50 pm ET

    NEW YORK (Reuters) - Bond market turmoil sending investors fleeing from risk may be a worse predicament than the 1980s stock market fall and Internet bubble burst, Bear Stearns Chief Financial Officer Sam Molinaro said on Friday.

    "These times are pretty significant in the fixed income market," Molinaro said on a conference call with analysts. "It's as been as bad as I've seen it in 22 years. The fixed income market environment we've seen in the last eight weeks has been pretty extreme."

    "So, yes, we would make that comparison" to market events that also include the debt crisis of the late 1990s, he said.