Bear Stearns and the Market

Sometimes, I wish I had more money when I see a sure thing. Last Wednesday, I blogged about the recovering markets, and the affect Bear Sterns' buyout offer had. Never did I think though that Bear would help as much as it has.

The market has not been up 4 of the last five trading days. Bear's stock is up 600% from JP Morgan's initial buyout offer. JP raised their offer 500%.

It's insane, and it continues to indicate to me that the markets are definitely due for full recovery by summer time.

The only thing now is if we can get the Fed to steady its hand, and stray away from more rate cuts, then we can ensure the gradual upward climb for the dollar, and the US economy as a whole.