It SEEMS like there should be a thread on this exact topic already, but if so, I can’t find it… there are sort-of-related topics, but not this one, from what I’ve seen.
Okay, I should be getting a definitive answer from my financial advisor next week, but in the meantime, does anybody actually KNOW what happened to WaMu’s stock value? Is it zero? Is it zero if you tried to cash it out right now, but worth something if you hold on? Will JP Morgan-Chase eventually put some value into it? Does it have some kind of worth or potential worth that means it makes sense to sit tight and wait to see what happens? Is my $20,000 loss just on paper, or is it real live money??? Remember all those cartoons of stockholders jumping out windows after the big crash of 1929?? (Oh, I’m not going to do THAT!) Ahem. Anyway, some answers or just ideas would be greatly appreciated.