JPMorgan to buy Bear for $2 a share

[Kasz216]

Stockstar1138 said:

Rugger08 said:

Kasz216 said:

That seems... bad.

Really bad.

Like... Great Depression bad.

Please say i'm overeacting.

You are overreacting.

I feel bad for all the Bear Stearns employees who not only loose their jobs, but also 99% of the value of their company stock. I'm sure a lot of them have like half their retirement savings invested in the company.

I really don't feel bad for the fool's who don't diversify their retirement nest egg. call me cold hearted, but nobody should ever have that much invested in one company, even if its the one you work for. its investing 101, 5th graders understand it, i will never understand why so many adults still make this mistake after worldcom, enron etc.

Oh i just in general with the bank folding.  I bet Warren Buffet is going to go on a buying spree.

What was it?  "Only be Greedy when everyone else is fearful, and fearful when everyone else is Greedy?"