CALDEIRÃO DE BOLSA

Como é que ele ainda tem a lata de falar no Bear Sterns?

Este video (link em baixo, com a transcrição do que foi dito, de seguida) saiu na semana (terça-feira) em que o Bear Sterns faliu (sexta-feira). Ou se preferirem, foi comprado por $2...

Tuesday, 11 Mar 2008
Mad Mail: Is Bear Stearns in Trouble?

Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter

Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear. That's just being silly! Don't be silly!”

http://www.cnbc.com/id/23575614

Ulisses, isto quer dizer que eles querem mandar para baixo, para depois aproveitarem a liquidez que é fornecida para voltar a erguer as empresas?
Uma vez que os activos mantem-se, eles aproveitam uma liquidez que nunca era fornecida de outra forma, que não desta?
Abraço

"The Lesson From Bear"

By Jim Cramer
RealMoney.com Columnist
3/17/2008 1:43 PM EDT

"The shorts won so big this weekend that they are totally emboldened. They know the Fed's game plan, or at least they think they know: The equity gets wiped out, the credit operations live.

Also they know that the book value isn't worth a warm bucket of spit, so they can lean all over the companies with mortgages on the books -- Lehman (LEH - commentary - Cramer's Take), Wachovia (WB - commentary - Cramer's Take), National City (NCC - commentary - Cramer's Take), Washington Mutual (WM - commentary - Cramer's Take) -- because these companies had been holding up solely because of takeover premium.

The Bear (BSC - commentary - Cramer's Take) deal eliminated the notion of takeover premium in the financials. In fact, I would bet that every one of these companies has little chance of getting anything other than a takeunder.

Citigroup's (C - commentary - Cramer's Take) the one conundrum, by the way. I think its book value is a total joke. But it is too big to fail, again, and I suspect that the company will be propped up by the rich outsiders that have already committed money.

Obviously we have learned a lesson from Bear: The feds will finance takeunders and backstop you. That means if your company has an overstated book value, it will be wiped down to a fraction of the book and then get a takeunder from a solvent bank or investment firm with fed financing.

JPMorgan (JPM - commentary - Cramer's Take) played this so well with their 11th-hour "We can't make it work at anything other than $1." Feds made 'em pay $2. What will the next guy pay for Washington Mutual?

Random musings: Fed doesn't cut by 100 -- ugh. We can't worry about the dollar right now. We can't worry about inflation. We need to worry about the barter system!

At the time of publication, Cramer had no positions in the stocks mentioned. "

(in www.realmoney.com)