Where to Invest When the Banks Fail

Bear Stearns, #5 Investment House, Folds Up

It didn’t take long for rumors to turn into reality. Bear Stearns succumbed to a liquidity crisis, JP Morgan Chase & and the Federal Reserve jump in with buckets of money to bail it out.

Bear Stearns is now up for sale, pennies on the dollar.

I hope you aren’t invested in bank stocks. Quite the opposite, those of us using the investment prowess of Casey Research are invested in an ETF (exchange traded fund) that goes UP in value as the financial stocks go down. And down they have been going.

If you want help navigating the current financial storm, subscribe to International Speculator and learn how to leave the herd and actually make money in the current debacle.