It appears options traders are pointing to a possible collapse.
Bear Stearns got emergency funding today from JPMorgan Chase & Co. and the New York Federal Reserve. The New York Fed agreed to provide financing through JPMorgan for up to 28 days, the bank said in a statement
It's down 40% but I want to know more about the Fed bailing out these financial institutions. Sure seems like it's going to dump it all on the US taxpayer.