Be Afraid, Be Very Afraid
Posted by Michael Cohen
So last night I was stunned to see that Bear Stearns, got bought for $2 a share, which is one-tenth of the company's value just three days ago. This is a company that was selling at $170 share a year ago.
Then I wake up this morning to news that world economic markets are in freefall.
It can't get any worse right?
Well then I click over to MSNBC and see this headline:
Bush says administration is 'on top of the situation' in dealing with the economy
Excuse me while I go and crawl into a fetal position.
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