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.
To view a related article, please click here:
http://online.wsj.com/article/SB120569598608739825.html?mod=special_coverage
Jim Sutliff