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Monday, September 15, 2008

Oil down over 6 dollars. S&P futures down nearly 50 points but off the morning lows. DUG and DIG trading in the premarket showing a 4% decline in big energy stocks at the open. That equates to a 10 point mlp decline assuming its equal. Usually it isn't.

1 comment:

Anonymous said...

The best we can hope for today is that someone offers .50 a share for Lehman. That rescues Lehmans preferreds, makes bondholders whole, and takes pressure off of AIG with thier CDS exposure to Lehman bonds.


Lehman's common is toast in any case.
The market would take this + Merrill's buyout as a huge positive.