"Lehman is probably the best bargain in the securities industry right now" - Meredith

would not try to catch these sinking cruise ships in a million years but I think buying a long-term call when things stabilize could be a good idea, at least you know how much you lose in case your wrong unlike joseph lewis :p
 
HAHAHAH the best bargain, all of the sudden financials are at bargain prices, stick with the ETFs, DO NOT BUY THE INDIVIDUAL STOCKS, too much risk.

Imagine buying 10k worth of BSC at 32 a share on Friday, that 10k is now worth around $1000


Now take that same 10k and buy XLF at $24.00 on Friday.

Thats worth approx $9260.


Now come on, why risk it in an individual stock when you can just by the ETF.
 
I say dont use shares at all. leh long-term calls will be a bit expensive but you will be getting some ridiculous 3-1 or so that meredith is right, shes been right like everytime about this things. fed just announced LEH will have access to the printing press and fed will cut like madman tomorrow, as soon things calm down people will stop thinking everybody is going bankrupt
 
From the WSJ on JPMorgan and Bear Stearns: J.P. Morgan Rescues Bear Stearns

Meanwhile, worries are deepening that other securities firms and commercial banks might be on shaky ground. Lehman Brothers Holdings Inc. Chief Executive Richard Fuld, concerned about the markets and possible fallout from Bear Stearns's troubles, cut short a trip to India and returned home Sunday, ahead of schedule, according to people familiar with the matter. The decision came after a series of calls Saturday to both senior executives at the firm and Treasury Secretary Henry Paulson, these people say.
 
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