S&P DOWN 36 HANDLES
DOW DOWN 320
NAZZ DOWN 42
China,Japan and South Korea are on holiday today. Lehman looks like they are starting the liquidation process and a bankruptcy filing is forthcoming.
Don't count out a possible rally after the big wooosh down. This could be viewed as the end, but who knows. You know me.
P.S, and we still have WM and AIG in the morning. Fascinating times.
Sunday, September 14, 2008
A Lehman Liquidation and Financial Futures Way Down
Subscribe to:
Post Comments (Atom)
About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
do you think AIG will open higher after their restructuring news?
futures are getting murdered-it would be tough-but we need to see how they digest all this overnight-still way to many unknowns ie, aig,wm its a mess stew
Post a Comment