I spent this weekend reading up on the Bear Stearns news. So much has been written up about them that I don't really have anything useful to offer. Except maybe for some lighter commentary for those who own XLF. I couldn't help but see a familiar character in the Ex-CEO of Bear Stearns and the guy who played "Biff" in "Back to the Future". Maybe it's just me. In any case, maybe the actor who played "Biff" can play James Cayne in a made for TV series about the mess we are experiencing now. For more serious thought, my take on XLF and the current environment can be found here. And for those who want to know about Bear Stearn's weighting in XLF. You can find it here.
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