It sure is trading like it. There are no comments from the Fed and the stock is down over 30%. It certainly has helped put a wet blanket on that "HUGE FINANCIAL RALLY." Some folks thought yesterday was a game changer but I think it's just more of the same, a rally in a big bear market.
Commodities are just getting killed again, and that is where I have been since the open. As usual, it will be a real interesting afternoon. Until we get some clarification on Lehman it will just keep pulling the financials down.
Tuesday, September 9, 2008
Will Lehman Go Under Today?
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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.
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