One need look no further than what happened to Bear Stearns in 2008 to find a shining example of a ubiquitous moment in time when catastrophe can strike anywhere/anytime. The "fingers of instability" inherently created by their business model of taking on increasing risks that FNM and FRE would not touch in the subprime mortgage markets led up to this stock's implosion and ultimate demise.
Twenty years of price stability for Bear Stearns would be wiped out in little more than One Year, with most of the damage occurring in less than two weeks! Two weeks against 20 years! See Mark Buchanan book Ubiquity for more on Ubiquitous moments in time, fascinating read.
The luck of the Irish simply was not with BSC today. No, the curse of St. Paddy be with them today. To discredit the druids in Ireland, St Paddy said he was forced to "curse their fertile lands, so that they became dreary bogs; to curse their rivers, so that they produced no fish; to curse their very kettles, so that with no amount of fire and patience could they ever be made to boil, and as a last resort, to curse the Druids themselves, so that the earth opened and swallowed them up."
Yep, Bear Stearns investors are akin to the St. Patrick's cursed druids of Ireland whom he wished to be swallowed up by the earth.
John Bougearel
SuccessfulTradingTips.com
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