LOLFED

Marketwatch points out there’s little surprise that JPM is underwriting for UBS, and the significant upside opportunities. Must be nice to be Jamie Dimon right about now.

Bear Stearns was halted this morning after vaulting 70% on word that yes, the shares might go for more than two dollaz!

JPM says to Bear Stearns… “I’ll buy that for two dollars”:

Bear Stearns, whose market value peaked at about $170 last year, is rumored to be either a) ready for a bankruptcy filing or b) bought out by J.P. Morgan by the time the Asian markets open in an hour. Stay tuned.