Bear Sterns shareholders, even at the elevated ten-dollar price, are still losing a huge amount of money - billions and billions of dollars.

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It started to weaken around August when the market began to really get worried about the US housing bubble and the fall of Bear Sterns.

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Bear Sterns sold itself very quickly indeed for the same reason.

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But there exceptions to this rule: Investors who purchased shares of Bear Sterns, Lehman Brothers, and Washington Mutual in the middle of the 2008-9 banking crisis fared poorly.

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Currency analyst Steve Barrow of Bear Sterns said the single currency was unlikely to fall much further, as the world's central banks were "breathing down the necks" of investors.

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