Thursday, March 13, 2008

Conflicting news reports

S&P sees the end in sight, while Carlyle Capital sees assets being seized. Also there is a rumor going round questioning the solvency of Bear Stearns!! One more huge drop and a good buying point will avail itself, meanwhile before that happens watch out for SAR opportunities (sell all rallies):
S&P: End Near for Subprime Writedowns; - Bloomberg
Hedge fund on verge of collapse - BBCNews
Bear Stearns Plummets on Insolvency Fear - AP