Let’s take a quick break from today’s market action and say a quick prayer for what’s left of Sears and Roebuck.

Sears Holdings Corp. (OTC:SHLDQ) is facing certain death after Eddie Lampert’s last-ditch effort to save the company crumbled over the weekend. The banks shut down Lampert’s play to buy some of the company’s best-performing locations, which will now ultimately lead to a complete liquidation of Sears stores nationwide.

When we last checked on Sears in October, the company had just filed for Chapter 11 bankruptcy after hiking the long path to irrelevance for the better part of the past decade. Sears began its short reorganization process with the closure of more than 140 unprofitable Sears and Kmart locations. The stock even posted a quick recovery after grabbing a $300 million loan to keep the lights on during bankruptcy.

Of course, bagholders were left with nothing more than a dead cat bounce. Due to the bankruptcy, Sears shares quickly found their way onto the pinkies. After the Lampert buyout fell through, another frantic rally is giving way to lower prices. As of yesterday’s close, one share of Sears fetched 30 cents.

Rest in peace, Sears. For what it’s worth, I’ll forever cherish the memories of fighting with my sisters over your Christmas toy catalog every year of my childhood…

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