jonreagan

Bear Stearns Looking Decidedly Cheap

Regardless of whether or not the comments above contain proper grammar, let's focus on their meaning, which is a lot more important. No legitimate financial/market analyst would recommend Bear Stearns right now, period. There are more write-downs to come, which will take this lousy company and its stock down further.

Markets are irrational, reacting negatively on rumors and false information, which creates opportunities for gaming and rigging by unscrupulous people. Worse yet, they over-react to information which, though true, is fairly insignificant, e.g., W's musing on the Iran incident involving one of our naval ships.

Against this backdrop, writers shouldn't make stupid recommendations, like suggesting that investors should consider buying garbage stocks such as Bear Stearns.