No one really knows… Thursday, March 20, 2008
Posted by ei-forum in Miscellaneous.trackback
As we have been repeatedly saying, focus on fundamentals – no one really knows the extent of the damage, especially in the financial sector. There are simply too many quality stocks out there trading a very distressed prices to justify taking unjustified risks.
As we saw with Bear, even great CEOs do not know what the extent of the damage is. Take a look at this recent call on Bear:
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well done, guy
Cramer should have been thrown in jail a long time ago for stock manipulation. His Bear Stearns call is just the most blatant example of his outrageously criminal behavior.
Interesting article on DealBook about Bear:
http://dealbook.blogs.nytimes.com/2008/03/20/meeting-and-resenting-bears-new-boss/