grizzly Bear Stung........growl furiously..!

The Bear got hurt again by those hunters booby trap.

Open:13462.25 High:13471.79 Low:13175.24.(52 week range:10,998.10 - 14,121.00.)

The Dow nosedive last one hour....why.....Standard & Poor downgrade the Bear to negative.(down 281.42 points) It's a rocky ride. Close:13,181.91

It is suppose to be a bright sunny day until the Wall collapse at 2.00pm..like the minneapolis bridge incident.Frenzy mortgages leaves path of destruction."It's not just subprime.It affects a lot more..anything from the economic numbers to the investor psychology to the wealth effect as equity prices move down.

Again a last minute kamikaze.

NYSE brokers say some orders "lost" in final minute of trading.

The start of August is disgusting.We have till Tuesday to go through these turbulence ie after FOMC meeting 12.15pm(18:15GMT).After that not much announcement & market back to fundamentals.

Hi Sir,

A'int you scouting for a new American Dream home.We have lots of posh properties here in San Diego.Just call the broker and you may ink your loan agreement right away here!No need pay stubs nor tax-returns.You can have the option adjustable rate mortgage i.e. pay the interest only.

He..he..he...you're signing a neutron bomb loan.

Bear Stearns Co.Inc (BSC.N)

383,Madison Avenue

New York.NY 101/9

P:+1 212 272 2000

F:+1 212 272 4785

Chairman/CEO:James E.Cayne

Incorporated:21.8.1985

This 3 months chart movement implies that the top management is pretty aware of the situation.In almost all corporate manouvers,the first half year is playing up the stock prices for book closing,while the 2nd half is liquidation.It has been an ongoing historical process.Same in my country.

Previous Close:USD115.63

Open:USD114.65 Gap down 0.98

High:116.55 Low:106.65

Last price:108.35 down USD7.28

Market Capitalisation:USD156b

Bear Stearns Intraday Price Movement Chart.

Because of this subprime rout,the global shares value has been wipe off USD2.1 trillion.


Bear Stearns Funds that failed:-

1) High-Grade Structure Credit Strategist Fund

2) High-Grade Structured Credit Strategies Enhanced Leverage Fund.