The! Biggest! News! of! the! Day! - Not Bear Stearns, Lehman Brothers, CME Group or Discount Rate Cut

Tags: BSC
17 Mar 9:09pm
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Here are some of the contenders for today's biggest...news...of...the...day...

  • The fire-sale of Bear Stearns (BSC) to JP Morgan Chase & Co (JPM) for $2 a share...
  • A pre-open drop of more than 30% for shares of Lehman Brothers Holdings (LEH)...
  • A "rare" move by the Fed to cut the discount rate on Sunday...
  • Data that showed "manufacturing in New York state fell to the lowest level on record in March as new orders and shipments contracted for a second month"...
  • A call to "avoid owning shares of most financial institutions until the industry begins raising up to $1.2 trillion in fresh capital"...
  • The purchase of Nymex Holdings by CME Group Inc. (CME)...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - Honey, will you marry... Oh. Never mind......according to the article, "Hajji, of Hackney, east London, had concealed a $12,000 engagement ring inside a helium balloon"...however..."as he left the shop, a gust of wind pulled the balloon from his hand and he watched the ring...sailing away..."

Who possibly could have imagined that sticking a $12,000 ring inside a helium balloon could have ended badly? As Ralph Wiggum might say - that seems unpossible.

Along those same lines, look for a similar response sometime in the future to this - A dozen pregnant women wanted - for ballet...yeah, what could possibly go wrong there...


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.