There is a rumor going around right now that Warren Buffet is considering taking a 20% stake in Bear Stearns (BSC).The news has traders giddy, and the stock is spiking $12 higher, or +10% on the news. This is also helping push the XBD index up nearly 3% on the day.On an unrelated note, the CME is also spiking $25, or nearly +5% on the day. I have not seen any major news to account for the surge.The market is turning higher, and putting more pressure on those underinvested or leaning short. With quarter-en[...]
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[Source: The Money Blogs]
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