Monday, March 24, 2008

Predictions Gone Wild

as advertised by Fox Business News (via Eddy Elfenbein).

Eddy also said this last week:
I would say that the most likely outcome is that JP Morgan will sweeten the [Bear Stearns] offer. To add some context, it’s really not that much for JPM. The company’s market value has already increased by $20 billion this week. The offer for Bear will cost JPM $236 million. What’s the big deal if it doubles or even triples the offer? Plus, it could win JPM some goodwill.
He was probably on the other side of my long DUKE (worst realized March Madness loss) and short UCLA (worst unrealized loss so far). Fortunately, my PITTSBURGH short and TEXAS long have helped keep me in the profits hunt.

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