Seems a rumor floating about that LEH looking like the next BSC as its stock price is down 40% today. The put options activity for Sep and Oct would seem to support that traders expect LEH to be toast.
Since the government already used their ammo on Fannie/Freddie, does anyone really believe they're going to step up and help LEH.
I say no. But the only way to know is to bet against the financials, or the S&P, or stay in cash.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment