Stockmarket changes

Dow up 2.23% +266.79
Dow numbers

Nasdaq up 2.3% +50.04

Nasdaq

I expected a BIG fall with banks failing.

I know JP bought bear-stern for 2$/share (jan 07 was $160/share).

Many are losing their shirts-a british guy lost 800 million.................

I think that the corporate board of bear-sterns needs to return the "BILLIONS" in bonus the leaders made.

I wish I could lose people billions and billions and yet make billions in bonus's.

You see if they went bankrupt, the money would have to go to the gov to pay for the bailout.
Since the company was purchased, it's assists as well a debts were purchased, so they get to keep the billions of dollars in bonus's.


[edit on 3/18/2008 by mrmonsoon]

Todays changes:

Dow -2.4% Down 293 points
Nasdaq -2.6% Down 58 points

Hows that for a serious change of fortune.

The real question, for me, is: after all the money pumped into markets-200 billion and a buyout will it be enough to stabilize the markets.

We can't keep having 2-3% swings everyday.

One step forward 2 steps back..

The fed throwing money at this problem wont change a thing. Its like throwing a bucket of water on a house fire then running off for another bucket...

The problem you are facing (caused by the Fed) was prophesised many years ago by many of your great leaders but they were ignored.