I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
Please say you didn't.
It's not "after tuesday" yet 🙂 Still considering. I'll probably wait a few days to see if we continue to a have a pop in the market. LEH had interesting "earnings". And no I'm not a pro. But, it might as well be easy come, easy go 🙂
Some trivial facts to make light of the situation.
The irony of this deal I thought was interesting….
….JPM acquires Bear Stearns for $250 million…..
….In other news, AOL acquires Web 2.0 company Bebo for $850 million.
If that's not kicking someone in the groin, I don't know what is.
(Yeah yeah, I know. JPM is assuming a lot of doggy debt. But I just found that to be pretty ironic).
Screw Yahoo, Microsoft should just take over the banking industry.
