Bear Stearns For Only $2 Bucks –

Bear Stearns will be acquired by J.P. Morgan for only $2 per share.  Bear Stearns traded as high as $70 a share last Monday.  On Friday, the market reacted to news and sent Bear Stearns tumbling $30 dollars.  Traders will be on the lookout for the next collapse as earnings reports for banks start to come out this week.

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Jim Sutliff

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