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Monday, September 15, 2008

150908

Lehman Files Biggest Bankruptcy as Suitors Balk; Shares Plunge
By Yalman Onaran and Christopher Scinta
Sept. 15 (Bloomberg) -- Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history
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Market has been extremely bearish as lehman receive no help from any large financial instituition. I remain cautious as we enter 160908 for FOMC. Possible rebound for the oversold index.

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