Holy crap

Bear Stearns sold to Morgan for $2 a share? Srsly? I guess their book was even more shitty than anyone could possibly imagine. The stock closed at 30 on Friday after tanking from $57, and I guess at open tomorrow it’ll slam down to $2 or less.

Now, think how fast this all went down. Bear went from “Cool, no worries” to flat out old n busted by Friday when they were functionally bankrupt. Morgan buying them for $2 a share is just mind-bogglingly bad. Lehman is next, so says the little birdies, and the S&P futures are tanking at this moment along with the dollar vs. yen.

Watching a complete economic disaster unfold in front of your eyes is pretty scary. Careful out there.

Oh the date was kinda fun considering how long it’s been since I’ve been on one, ended up having dinner at some noodle place which wasn’t in the plans, but we both had shit to do so called it a night. Will there be a next time? Stay tuned! I’m sure my friend R will be calling any minute now asking if I boned him already…