Will Bear Stearns be the next New Century Financial?

Discussion in 'Stocks' started by michaelscott, Aug 1, 2007.

  1. Its looking that way. How far can it drop?
  2. Brandonf

    Brandonf ET Sponsor

    Yep, they are gonna be out of business in a few days now. Look out below, the sky is fallin, the ship is sinkin..get me my life raft, forget the woman and children this baby is going down.... well...Anyway, certainly BSC is in a strong downtrend, and fundamentally there is no reason to see it ending any time soon when you account for their current problems and the market also turning into a bear market here from a bull (which it has done), but its kinda silly to think Bear will be going out of business any time soon.
  3. A couple of days ago you were telling people to go long on it. I was telling people to go short on it.