Today the fed came in with it’s 75 basis point cut which was within range of expected.  However many on Wall Street wanted a full 100 basis point cut that would have reduced rates to the full 2%.  Instead rates hold at 2.25% within the 2-3% range.  With the implosion of Bear Stearns and the […]

Bear be gone as JP Morgan purchased Bear Sterns for an astounding $2 per share worth about a quarter of a billion dollars for the once heavy weight Bear has gone down in flames.  The implications on the market are next and we are all watching and waiting to see how the market reacts this […]