Replies to post #116381 on ajtj99's Market Pulse

[ajtj99]

Yup, JPM buying BSC for $2/share here:

http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html

[XBrit]

for what its worth, even hussman thinks a bottom could be coming soon

He speculates mildly about possibly some buying interest coming in when the market hits the 20% down level and the bear graduates from training wheels. If that's predicting a bottom, it's quite lukewarm.

Last week he said he expected the bear to end at around 30% down on the SPX, which translates to around 1100. I'm pretty sure that's still his longer-term expectation.