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Crash

Mon, 18 Mar 2008 08:36:11

Good morning. A lot going on in the stock market recently. Namely Bear Stearns being bought out for $2 a share. Last year their shares were being sold for around $175 a share, towards the end of last week they were at an $82 low. Yesterday they opened at $2 a share due to a take over on Monday by JP Morgan. Now that's a substatical loss of cash if you had your capital tied up with them. Even for those who never, the ripple effect is causing banks in the US and the UK to lose money per share, which does not help my £100 with Barclays! Not to mention, Barlays having a big stake in Bare Stearns so we all get to share the loss. All this while my 5K is being processed, ready to throw into the market. Can'w wait... Stay tuned

Cheers
Ryan Partington