Stocks and Bear Deals ((Bear Sterns))

Rotten financial eggs are coming this Easter Holiday. Ouch. Bear Sterns share price probably looks like the Atari stock chart ((but in a much shorter timeframe)) come Monday...

The $2 per share basically sets down an important market marker: For now, being a Wall Street trading house is no longer a license to print money. It’s a license to absorb plenty of risks. Risks so presumably so toxic and unknown that J.P. Morgan had to turn to the Fed in the way it did.

Source: http://blogs.wsj.com/deals/2008/03/16/you-are-not-misreading-bear-stearns-is-worth-2-per-share

Who's next in the butcher ((aka rescue)) line ? Lehman Brothers ?

http://finance.google.com/finance?q=NYSE%3ALEH

A few rumors are enough in this market situation to create another run on yet another broker / bank. Meanwhile, Helicopter Ben is airborne once again with rate cuts and more liquidity...

http://www.marketwatch.com/news/story/fed-acts-sunday-prevent-global/story.aspx?guid=%7B43265631-1656-4697-8377-55F05D859B76%7D

More tomorrow in a new episode of "As the Markets Tumble"...