Ho John Lee’s Weblog

…start with a large one.

This weekend’s news that JP Morgan will take over Bear Stearns for around $2/share is astonishing. Last Friday BSC closed at around 30. A week ago it was around 60. A year ago it was around $150/share. So in a year the shares are down by 99%, and even the bargain shoppers who got in on Friday are down by something like 85%, based on today’s close.

This entry was posted on Monday, March 17th, 2008 at 7:49 pm and is filed under Business, Finance/Investing, Front Page. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.