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On Friday and today Bear Sterns, a used to be top company is now trading at around $4 a share from the high on Thursday of about $65. This baically shows that a top company can't stay up forever. Over time companies will rise and fall, but maybe not a instant as this. This does prove that stocks still have volatility and that all companies have risks. You need a strong stomach to invest in stocks for these things may happen to you. If you can't handle the ups and downs of stocks you shouldn't be in the market. Nobody's perfect and you have to be ready for these kind of things to happen. They may not be as severe as this, but still, nobody can read the future.

JPM just announced that they will by Bear Sterns at $2 a share.


PS- Nobody should own a stock with the name bear in it. ;-)
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