more bad news for Bear Stearns

NEW YORK (AP) -- Bear Stearns Cos. said Sunday that co-President and co-Chief Operating Officer Warren Spector has resigned following the meltdown of two hedge funds that invested in risky mortgage-backed securities.

 

um no big deal

I can hardly wait till the markets rebound huge after people realize this bear stearns crap is way overblown.

 

Well now we have an opening indication for the broker-dealer index on monday.

things must be a tad worse than indicated at BSC

 

In your bullish little world, what exactly would be a "big deal"?

Seriously, what would make stock_trad3r hit a bid to go flat or *gasp* short? :eek:

 

Perversely, this will be viewed as a positive. BSC opens higher tomorrow.

 

nah.. spector was revered on wall street as a financial wunderkind....


I say BSC down to 80 in the coming week.

LEH to 47.

 

Well, he really phucked-up here, no? I'll lay 100:1 against BSC at 80 this week.

 

perhaps..

all that was bad at BSC has now been tossed overboard, the ship can now sail forward stronger..

 

I'll take it...betting $5 here

 

lol, ok, you're on.