Monday...!!

Statistic says that most people suffer from a heart attack on a monday morning. Now it seems to make sense. I woke up this morning to my dad calling that the Indian market crashed. The root cause for all the mayhem was the Bear sterns emergency buyout by JPMorgan backed by the Federal Reserve at $2 a share. The subprime crisis had hit hard, the force was just realised. The move by JPMorgan seems sensible. Leaving an instituition crippled would have had adverse effects. The fed seems to have helped other instituitions by cutting the lending rates. All in all, US has been saved from a nightmare that investors would have faced if the fed hadn't reacted fast enough