From everything I’ve been reading, some rallies are to be expected....but the overall outlook is it will not be anything but that: a rally prior to a severe drop. Some suggest a severe recession, others a total crash....with rallies up in the interim (as was the case before the big “D”).
Stunned Bear Stearns investors eye legal claims
NEW YORK (Reuters) - Angry Bear Stearns Co Inc shareholders have wasted no time in calling their lawyers to pursue potential legal recourse over the company’s $2-a-share fire sale to JPMorgan Chase & Co.
“I can’t divulge privileged conversations, but shareholders don’t contact me when they are happy with the way things are going with their investments,” said Ira Press, a lawyer at class-action firm Kirby McInerney, which has spoken with dismayed Bear investors about the matter.
“This is a stock that has gone from 50 to 2 literally overnight, and I also know of people who had assumed that the worst had passed when it closed at 30,” he said.
....Shareholders might sue Bear and its executives and officers for securities fraud, contending they failed to disclose the company’s true financial health, lawyers say.....
http://news.yahoo.com/s/nm/20080317/us_nm/bearstearns_lawsuits_dc