It wasn't a misprint....

When I logged onto WSJonline tonight, I saw the headline that JP Morgan was going to buy Bear for $2 a share. Gotta be a misprint I thought as stories earlier today suggested $20. But reading the rest of the headline the market value for the deal was $236 million. Just stunning. STUNNING THE COLLAPSE IN VALUE IN TWO DAYS.

Oh yeah, the Fed cut the discount rate tonight by .25 and will accept a wider range of collateral. Gold, right now is up $12+ (but as usual prolly won't last), and for some reason the dollar, which was tanking is now back to flat.


These sure are interesting times. As Jimmy S. says: "This is it!!" The liquidity dump is enormous. Call me nuts, but I think there will be more actions tonight in world wide coordination in order to save the world's financial systems.