I can’t wait to have a large enough network to harvest the wisdom of crowds on command. Those who have it, have earned it. Kudos.
So…to summarize the preliminary results of this poll (the first 11 comments).
Looks like nobody who voted thinks Bear Stearns is going to stay independent. And the leaders like Mathew & Peter think, there is a moral flaw in the fabric of humanity if they survive because of the fed. I concur. The rest of the results don’t surprise me.
1. 0% of voters think Bear Stearns will stay independent
2. 40% of voters think february lows will hold
3. 37.5% of voters think the fed will cut 1 full point.
4. 66.7% of voters think the market will close higher on Friday than Monday.
I broke answers down into boolean, that is, yes or no. Anybody that was wishy washy or qualitative without specifically answering, was not included for that single question. I’ll update this post when more people comment…I love analytics.
Disclosure - Long LDZN (Find out what this means)
March 17th, 2008 at 7:27 am
Psst. Nobody voted that Bear will stay independent because on Saturday the FED announced it was cutting the discount window by a quarter and that JPMorgan bought Bear Stearns for the awesome price of $2 a share or $about 250 million.
March 17th, 2008 at 7:38 am
It was Sunday afternoon/evening. Not Saturday. This poll was all done before the news came out.