Lehman under fire …
After the quick disappearance of Bear Stearns … 2(!) $/share … WOW
Now market rumours concentrate on Lehman Bros.
Today’s news is that Southeast Asias biggest bank, DBS sent internal mails to its traders, asking them NOT to enter into new trades with Lehman.
AUTSCH!!!
In the early morning, financials get hammered so far …
BSC trading around 3 $ … down 90%
LEH down around 7% … in line with its peers.
(EDIT: LEH trades down 18% now, DESPITE DBS denying the “rumour”)
Let’s see, whether Ben BEARnanke give us our “daily ratecut” today …
The HUGE PESSIMISM could lead to a sharp bounce … so take care!
I covered all my shorts and watch from the sidelines at the moment as FED will dominate until tomorrow.
Tags: Bear Stearns, FED, Lehman
