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JP Morgan just bought Bear Sterns at $2 a share. This is crazy. But like Diorex said now is the time to take advantage of this news and make some money. People for the next couple of days are going to be worried about their 401K and other stock related items. They are going to look to see how they can protect themselves. News like this is the type of stock news that freaks out the general public. They have no ideal what a basis point is but they have heard of Bear Sterns and to see it devalued like that is really going to freak people out.
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