With JP Morgan buying Bear Stearns at $2 per share in a fast tracked deal on sunday, the market confidence will reach rock bottom. Expect a mini crash today.
Re: Expect a blood bath today
hmmmmm can i go 4 citi bank afterwards???
Re: Expect a blood bath today
seema do you work at citi?
anyway the markets faired extremely well contrary to what i though, i was expecting a 300 point drop.
Re: Expect a blood bath today
Kion dara rahay ho bhai? The interest rate cut might have lessened the negative effect of this news ?
Re: Expect a blood bath today
All the Asian and European markets have fallen sharply. Dow after opening sharply lower recovered and is now falling again. Overall a down trend which will be very difficult to reverse in the near future, dead cat bounces not withstanding.
Re: Expect a blood bath today
anyone here own CIT stocks?
Re: Expect a blood bath today
nops but sum of my friendz ova there hv apparently invested their whole 401k in it.
I personally think citi is good 4 long term investmen 
Re: Expect a blood bath today
Err… this guy lost a billion dollars. that’s gotta hurt.
http://www.forbes.com/business/2008/03/17/bear-lewis-cayne-biz-billies-cx_af_0317bankbillies.html
Re: Expect a blood bath today
did u read the bottom of teh article saudi prince talal lost $6B in citigroup stock value, whoa
but as a percentage of assets .. this other dude got hit bad.
the the top dawg from bear stearns, his holdings value went from what 900M to 22M?
Re: Expect a blood bath today
im sure they'll live....
but that's a number thas gotta hurt.. 900 to 22...
Re: Expect a blood bath today
Yeah, my heart bleeds for them 