As of this writing Bear Stearns (BSC) was down 40% and it also took the whole market on a south trip with it to celebrate “significantly deteriorated liquidity”. These are the same guys who have been relentlessly denying any liquidity crunch for past several days.
We have tried to confront and dispel these rumors and parse [...]

As of this writing, US stock market futures are heavily lower. Dow futures are down over 150points, S&P down nearly 20points while Gold futures are nearly up +$10. Interesting times ahead. This is what I wrote just yesterday:
I am not convinced with the current rally yet but who am I to argue with Mr Market. [...]

US Stock markets moved significantly up, a +3.6% (+416.66 points) jump for the Dow Industrial. Biggest in recent years, Impressive, isn’t it? We have loads of money being injected by Federal Reserve to provide additional liquidity to credit markets by lending up to $200 billion in securities to primary dealers in the bond market. Great, [...]