Get Your Popcorn Ready: JP Morgan To Acquire Bear Stearns For $2 A Share In Stock
A lot of the talk this weekend was on the price tag Bear might fetch in any deal. Having closed around $30 on Friday, the estimates I read were between $20-$40. This is a very low price tag and suggests Bear has a lot of bombs on its balance sheet and would likely go under without this deal.
All the financial blogs are abuzz with this news.
Markets are selling off overseas.
I think we’re going to get a gap down open and a spike in the VIX. I think this is a buying opportunity (for a trade).