Sunday, September 14, 2008

"No Ticky No Shirty"

That's what Barclays has just told Mr. Paulson. They have walked away unless the Fed gives them a guarantee, which Paulson has said is out of the question. Unless things change, and fast, Lehman will be heading for liquidation. Watch out below.

At least we have all that good news though from AIG, MER and WM tomorrow. Gonna be ugly.


About Me

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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.