Cramer loses it

This is %$#$ing hilarious

He’s almost in tears. Blood is on the street man!!
This can probably be traced back to his call to buy Bear Stearns a couple weeks ago

Bear Stearns funds have “effectively no value”

Just posted this on NP:
Holy crap. So much for collateral…
Bear says troubled funds have “very little value”
Excerpt:

“The preliminary estimates show there is effectively no value left for the investors in the Enhanced Leverage Fund and very little value left for the investors in the High-Grade Fund as of June 30, 2007,” according to the letter. [...]

Still waiting on Bear Stearns

I’m not the only one (obviously) who is anxiously awaiting Bear Stearns to report their losses.
Bish, Bosh, Loads of Dosh!
I don’t think I agree with some of the statements made in the article, e.g. I think MBS and CDS are more liquid than the article suggests, but thought I’d provide the link anyway.
Tick… tock… tick… [...]

Bear Stearns doom and gloom

Over on Nuclear Phynance I predicted that today would be an “interesting day”
Posted July 8, 2007:
All I can add is that I think July 16 will be an interesting day
The reason being that Bear Stearns was suppose to report their losses today and I thought they would be a lot worse than people expected. [...]