Sunday, March 16, 2008

Tricky Play

When you have to sell, it can be very ugly. When you are forced to sell, you get $2.00 bucks a share. That is what Bear Stearns got at the end of an 80 year run. Now the boys at the Fed have crap all over their shoes and are in a battle to convince everyone they mean business when they say they will defend the markets. They have to punish the sellers some how and that is heavy lifting. Can they do it? Absolutely. But a what level? They seem willing to let the air out of the markets slowly if they can and have the PPT boys help with the ballast. Tricky stuff for anyone.