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Investorman

03/16/08 9:25 PM

#83794 RE: Irons3 #83793

Fallout from the Bear Stearns thing. New Zealand took a dive also.

The announcements from both the Fed and JPMorgan come ahead of what some analysts expected to be a brutal day for global stocks. Already, before the announcements, New Zealand’s markets opened drastically lower — then began to recover after the deal was unveiled.