wholesalerat

$20 a share when Bear closed at $30
JPMorgan Closer on Deal for Bear Stearns: Financial News - Yahoo! Finance
on a Sunday folks our economy will tank huge in am
let the crime wave begin

invisible777

another america's economy is gonna tank thread?

shithappens

Don't worry, we're gonna take them down with us.

snavr

Smart people make money when times are good. Rich people make money when times are bad.

Unarmed Gunman

^ What he said.

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BrooklynBlue

More like $2/share! Just announced. Holy hell man, this isn't chicken little, that shit is BAD news for financials.

wholesalerat

holy cow i see now $2 just updated what a fucked up mess this is lot of people will be told to go home tommorow this is bad bad bad news for USA

snavr

And the Fed was expected to cut rates on Tuesday and they just announced (on a freaking Sunday!?!) a 1/4 point cut effective immediately ...

Bernanke's acting like he's scared shitless the sky is gonna fall on Monday morning - ding ding!

xmcp123

Everyone, gather your gasoline and crow bars, we're taking it to the streets!

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snavr

I think it's time to release a new ebook - "The Down-and-Out Stock Traders Guide to Making Money on the Internet" haha

ck256

Uh, wow.

$232 MM is chump change for that firm . .

There's gonna be some wacky sh*t going down in 2008

DeviantNinja

I read on Marketwatch that "Bear Stearns has a book value of $84 per share." What a deal...

DeviantNinja

According to Marketwatch, "Bear Stearns has a book value of $84 per share." Cant wait to see the value tomorrow. ..

Diorex

As a trader I was taught to think about who benefits from messes like this. It is easy to say who is getting screwed, the trick is figuring out who wins before everyone else.

Things like Gold miners (as people flee to perceived safety of Gold) or community banks who now can lend deposits at higher rates without having to compete with securitized debt, yet get to pay lower borrowing costs because the fed is driving down interest rates. What about new start-ups or venture capital firms that now get to cherry pick their choice of talent out of the top universities since they dont have to compete since Wall St does not seem like a great place to work for those about to graduate. What about service industries denominated in US dollars that cater to Euro and Yen rich consumers. The list goes on for a long time...

I can think of a few dozen internet affiliate like segments that benefit and for which the smart people here are probably thinking - maybe I should do an email drop or set-up a landing page or <insert what you do> to drive traffic to these offers.

The people on this board who will never be rich are busy crying wolf on the US economy. Yes, maybe it tanks, but how do you make a few million as it does so? You can either be a spectator or a participant. Spectators pay the money to make those who participate rich.

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productionhead

EPiCPHAiLURE

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Aveligand

So what now, snap up a bunch of foreclosure homes? Stock up on gold? Short US futures?

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Priority_Mail90

The expectation is that there will be a bit of a crash tomorrow, as of right now, the Asian markets are down 4&#37;-5% (for Monday local time). And is usually a good indicator on how the US market will react to the news.

It is true that unless you are a participant you stand to not gain from this meltdown of the financial markets. However, the same can also be said if you don't participate you stand to not lose your ass.

Keep a level head, don't panic sell and if you need to be prepared to hold for a while.

Diorex

I was not suggesting selling or buying any financial instruments. The pros are already taking the best trades off the table, the suckers are the ones getting in now. I was advocating thinking about how you might be able to earn from this news in the field in which this forum addresses - internet marketing.

Tomorrow would be a great time to drop an Email about the merits of trading currencies or buying commodities - fear is a great motivator in marketing. Heck any finance related affiliate program should work if you spin the message right.

What about marketing US products overseas where other currencies have great buying power and our products seem really cheap. Just think about what you market and how to spin this news.

Market auto loans? mortgage? well rates are probably going up because of liquidity crisis - market that people should lock in now. Hell, market that now is a great time to lock in low rates due to Fed loosening. It does not matter what the message is, the average consumer has no clue. It matters how you market to them. If you make your message seem relevant with a call to action you win.

Or you can sit around and wonder how people like <fill in the blank> always seem to think of the good ideas, and that there is no money to be made on the internet anymore.

The only way to get rich by doing nothing is waiting for an inheritance... Don't have one of those coming? Well then doing nothing is not an option for you.

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Andrew

Diorex appears and gives more great advice!

Sad how many affiliate marketers and web publishers I have heard say "I want to make just a bit more money and put it in to real estate" or go do something completely unrelated... when they could just tighten their focus and make 10X the return for about 1/2 the work. And thats assuming they get any positive return at all rather from chasing greener pastures.

Wicked Ice

Economic collapse is better than sex.

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riddarhusetgal

Old Ace Green must be mad as $#$&#37;. I remember what he said in his book about the type of people he liked to hire at Bear -- "PSM" he called them -- Poor Smart and in need of Money....

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blackthought286

JP Morgan just bought Bear Sterns at $2 a share. This is crazy. But like Diorex said now is the time to take advantage of this news and make some money. People for the next couple of days are going to be worried about their 401K and other stock related items. They are going to look to see how they can protect themselves. News like this is the type of stock news that freaks out the general public. They have no ideal what a basis point is but they have heard of Bear Sterns and to see it devalued like that is really going to freak people out.

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axxomarketing

Interestingly, I read about Mayan Calendar. They predict that December 21, 2012 is the end of the age. Or maybe the end of USA? I don't know.

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stmadeveloper

Dow Jones, Nasdaq, S&P 500, stock market data - CNNMoney.com

Lots of little arrows pointing down. Not huge drops (ie not quite the end of the world), but not good news for sure.

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kofiannan

It is going to get much, much worse over the next 2 years. E.g.serious mortgage fraud being investigated in the uk at the moment which may turn out to be worse than the US (although won't have the impact on other country's markets). But as has been pointed out already, this just means a shift in what people will be buying. Hint: times like these tend to be when people start their own businesses, due to redundancies or new opportunities.

blackthought286

the news hasn't been as bad as expected. Investors have agreed with the fed intervention. The problem with that is that the intervention hides the problems not solve them.

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wholesalerat

weird stuff..... dont watch the man behind the curtain enjoy the puppet show and eat your popcorn and shut the fuck up!