I agree, the PPT is even working weekends. Weekends for a government worker. Who would've thunk it? ANyway this dedication shows we're in good hands. Maybe it's best just to take the day off, get wasted, and enjoy the St. Patty's day red-headed women!
No bear sterns weekend meltdown?? I though thats what all the bears were predicting. Not gonna happen?
Bear Stearns is dead you twit. The remaining portion of the business was bought by JPM for a deep discount. There is nothing positive about it
But no one cares about bear sterns anymore except for the usual permabear people here and permabear bloggers. Markets gonna rocket monday. There is no Sunday meltdown as so many were predicting. The consensus is that the bear sterns collapse is an isolated event.
The entire sector is in disarray, but overall the business models for investment banks remains intact. Goldman is still doing very well.
Goldman seems to be the one exception in this mess. There is nothing bullish about "the entire sector in disarray."