Monday, March 17, 2008

Bear market started and finished by Bear Stearns?

Bear Stearns came last summer as a first on surface with problems related to risky loans. In fact issues with Bear's hedge funds have started credit market turmoil. And these days this company is just history, traded for fraction of its price one year ago.
Today company has earnings call. Also other big brokerages are releasing results this week like Goldman Sachs, Lehman Brothers and Morgan Stanley. What is interesting that up to now Bear Stearns hasn't declared such a huge writedowns as e.g. Merryll Lynch did.

(see total writedowns due to subprime...)

After this I am bit afraid from numbers coming this week. Of course someone can say BSC doesn't have such a diversification like others but still who would expect one week ago this collapse for one of the biggest financial company.

Related tickers: (BSC), (GS), (LEH), (MS), (XLF), (IYF),


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