Lehman Crashing !!!!!!!!!

[Aaron Copland]

Something going on here.

 

[robbie380]

MER made comments that they could have a large writedown...but they also upgraded them to neutral this morning.

 

[Aaron Copland]

This just happened.

 

[Aaron Copland]

Hum

 

[pkts]

Guess who's calling Paulson right now asking for a little sugar?

 

[Aaron Copland]

ES dropping like a rock to. This sort of happens when we are about to roll contracts alot of selling.

 

[makloda]

Meredith.

 

[electrickoolaid]

the negative side might be the message that if you mess up, the goverment might save the company but deplete your equity.

 

[Aaron Copland]

I think as far as the equity futures go, this is the best evniorment to roll out of the Sep contract. Volume is picking up in the Dec contract in a big way.

Who in there right mind is going to put on size with the Sep contract expriring next week.

 

[capmac]

10:59 LEH Lehman Brothers crushed aggressively lower intraday the last few minutes, to break below the $10 mark (9.57 -4.55) -Update- -Technical-