…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.
