Investment in stocks is not a child’s play as it was once thought and this point was driven home when the stock market shivered in the aftermath of the collapse of the giant Bear Stearns, the notorious US securities firm. Though the damage control was initiated by the US government to prevent its ramifications in the Asian markets, especially the Chinese and the Indian stocks, the damage had been already done.
Not long ago, the Bear Stearns acted as a foreign institutional investor in the Indian market and had started offloading the shares just a week prior to its collapse. What is the effect of fall of the Bear Stearns and its possible chain reactions on the large investors in US? Finally it found the solace in the JP Morgan Chase which will more probably remain invested in the stocks that Bear Stearns holds.
What if you are the share holder in this Bear Stearns?
It is better to sell them at the first opportunity and if you think otherwise, then it shows you have a wealthy family to tide over the present crisis or your risk taking ability is too phenomenal.
Not alone!
Bear Stearns is not feeling lonely at the top of the financial crisis. There are other companies such as Credit Suisse, Lehman Brothers, Citigroup etc. in deep trouble in the credit market crisis.
Non financial tidbits
Angelina Jolie and Brad Pitt, the celebrity Hollywood couple donated more than eight million dollars for the charity (medicines sans frontiers and global AIDS alliance) way back in 2006 as per the latest tax reports released.
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