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Lehman's last weekend
Re: Lehman's last weekend
by smallpoxgirl » Fri 13 Jun 2008, 18:08:33
Curious what you guys think of gain Lehman's stock made today? Seems like odd behavior if it's going to die this weekend.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Lehman's last weekend
by DantesPeak » Fri 13 Jun 2008, 18:20:49
$this->bbcode_second_pass_quote('smallpoxgirl', 'C')urious what you guys think of gain Lehman's stock made today? Seems like odd behavior if it's going to die this weekend.
I remember last summer the price of Bear Sterns stock actually rose to the upper 100s - even after lots of bad news had already come out.
It seems like these companies can hang on for a while - especially with the Fed's help now. They still could suddenly go bankrupt overnight - but the question is when will that happen?
It's best to stay away for now from any investments that may be adversely affected by a Lehman failure than to guess the exact date when all this might happen..
It's already over, now it's just a matter of adjusting.
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Re: Lehman's last weekend
by smallpoxgirl » Fri 13 Jun 2008, 18:22:53
$this->bbcode_second_pass_quote('DantesPeak', 'I')t's best to stay away for now from any investments that may be adversely affected by a Lehman failure than to guess the exact date when all this might happen..
No argument there. I'm guessing this little rise tops out in another day or two and presents a nice shorting opportunity.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
-
smallpoxgirl - Expert
- Posts: 7258
- Joined: Mon 08 Nov 2004, 04:00:00
Re: Lehman's last weekend
by cube » Fri 13 Jun 2008, 19:30:13
To: hope_full
$this->bbcode_second_pass_quote('anarky321', '.')..
id suggest a divorce for two reasons 1: your husband is not as obviously not as smart as you think he is and 2: the fact that he isnt willling to discuss economic matters with you because it "depresses" him is insane and this is not the type of person you want to have by your side through the worst depression this country has ever seen
...
I guess this is going to sound more like marriage counseling:
$this->bbcode_second_pass_quote('anarky321', '.')..
id suggest a divorce for two reasons 1: your husband is not as obviously not as smart as you think he is and 2: the fact that he isnt willling to discuss economic matters with you because it "depresses" him is insane and this is not the type of person you want to have by your side through the worst depression this country has ever seen
...
IMHO....
There is something inherently wrong if a wife and husband cannot sit down and talk to each other, without one going off their rocker. Yes --> especially when there's a disagreement.
If a person can't sit down and have a difficult discussion during a difficult moment in life with a spouse --> I do NOT think that helps to strengthen a relationship.
my 2 cents....
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Re: Lehman's last weekend
by Cid_Yama » Fri 13 Jun 2008, 22:03:14
Lehman's 'big run up' today only got it up to $26 They had lost far more during the course of the week. Lehman, though already having announced a ballpark figure for their losses, reports earnings Monday.
Bear Stearns did the same thing the Friday leading into that weekend trading up to $30. They were offered $2 on Monday.
Anyone buying Lehman is an idiot and a fool. Amazing any of them still have money left. I've heard them referred to as Chainsaw jugglers. My guess is they are solely comprised of people gambling with other people's money, fund managers and the like.
Bear Stearns did the same thing the Friday leading into that weekend trading up to $30. They were offered $2 on Monday.
Anyone buying Lehman is an idiot and a fool. Amazing any of them still have money left. I've heard them referred to as Chainsaw jugglers. My guess is they are solely comprised of people gambling with other people's money, fund managers and the like.
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Re: Lehman's last weekend
by Cid_Yama » Sat 14 Jun 2008, 20:11:27
<b>Lehman Brothers faces downgrade by Moody's</b>
Moody’s Investors Service said on Friday that it had placed Lehman Brothers Holdings on review for a possible downgrade, citing the investment bank’s demotion of both its president and chief financial officer.
The brokerage firm demoted its chief financial officer, Erin Callan, and its president, Joseph M. Gregory, on Thursday, just days after saying it expected its first loss ever as a public company.
It follows a 61 percent slide in its shares this year. This week the brokerage raised $6 billion of fresh capital. Lehman said it expected its second-quarter loss to be $2.8 billion, driven by poor trading results and hedging losses.
Moody’s changed the outlook on Lehman’s A1 rating to negative on June 9 in response to the loss forecast. An outlook change refers to a potential downgrade in the medium term, whereas a review for downgrade brings forward any ratings action to a matter of months.
link
<b>'Blood in the Streets' expected this week as banks report earnings</b>
Investors are bracing themselves for a bloody week on Wall Street, with three of America's biggest investment banks, Goldman Sachs, Lehman Brothers and Morgan Stanley, expected to unveil further writedowns totalling as much as $9bn (£4.6bn).
Analysts are predicting that Goldman, which has fared well compared to many of its rivals, will post a 30 per cent fall in earnings on Tuesday. Morgan Stanley is expected to reveal a 60 per cent reduction in profits over the same period.
But it is Lehman that kicks off the reporting week on Monday, just days after chief executive Dick Fuld culled two of his senior lieutenants, chief financial officer Erin Callan and chief operating officer Joe Gregory.
link
Moody’s Investors Service said on Friday that it had placed Lehman Brothers Holdings on review for a possible downgrade, citing the investment bank’s demotion of both its president and chief financial officer.
The brokerage firm demoted its chief financial officer, Erin Callan, and its president, Joseph M. Gregory, on Thursday, just days after saying it expected its first loss ever as a public company.
It follows a 61 percent slide in its shares this year. This week the brokerage raised $6 billion of fresh capital. Lehman said it expected its second-quarter loss to be $2.8 billion, driven by poor trading results and hedging losses.
Moody’s changed the outlook on Lehman’s A1 rating to negative on June 9 in response to the loss forecast. An outlook change refers to a potential downgrade in the medium term, whereas a review for downgrade brings forward any ratings action to a matter of months.
link
<b>'Blood in the Streets' expected this week as banks report earnings</b>
Investors are bracing themselves for a bloody week on Wall Street, with three of America's biggest investment banks, Goldman Sachs, Lehman Brothers and Morgan Stanley, expected to unveil further writedowns totalling as much as $9bn (£4.6bn).
Analysts are predicting that Goldman, which has fared well compared to many of its rivals, will post a 30 per cent fall in earnings on Tuesday. Morgan Stanley is expected to reveal a 60 per cent reduction in profits over the same period.
But it is Lehman that kicks off the reporting week on Monday, just days after chief executive Dick Fuld culled two of his senior lieutenants, chief financial officer Erin Callan and chief operating officer Joe Gregory.
link
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
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Cid_Yama - Light Sweet Crude
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Re: Lehman's last weekend
by hope_full » Mon 16 Jun 2008, 21:31:49
So, any updates on Lehman's fiscal health this Monday evening???
I'm in trouble deep if I'm wrong on this (about Lehman's being in a bad spot). I have a lot riding on this Lehman's affair.
As nutty as this sounds, I'd be grateful to hear any ominous news on this company, because my husband is convinced that Lehman's is flying high and doing just swell and my negative prognostications are just gloom and doom without a basis in reality. Throw me a bone here...
HF
I'm in trouble deep if I'm wrong on this (about Lehman's being in a bad spot). I have a lot riding on this Lehman's affair.
As nutty as this sounds, I'd be grateful to hear any ominous news on this company, because my husband is convinced that Lehman's is flying high and doing just swell and my negative prognostications are just gloom and doom without a basis in reality. Throw me a bone here...
HF
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Re: Lehman's last weekend
by midnight-gamer » Mon 16 Jun 2008, 21:56:13
To Hope_Full: All of corporate America seems to run on some weird sense of optimism. Sometimes, it is even criminal. (I am not saying that's the case here) I found this with a quick search.
$this->bbcode_second_pass_quote('', ' ')In this paper, we develop a theory of industry-wide over capacity and optimism among rational investors based on the manipulation of investors' beliefs by insiders. We analyze a dynamic model of corporate fraud, where manipulation and consequent investment distortions occur in equilibrium. Industry-wide over capacity and optimism emerge when manipulation by one firm promotes manipulation by other firms in the industry. This dynamic externality occurs because managers are more likely to over-state performance when market expectations on productivity are high;
$this->bbcode_second_pass_quote('', ' ')In this paper, we develop a theory of industry-wide over capacity and optimism among rational investors based on the manipulation of investors' beliefs by insiders. We analyze a dynamic model of corporate fraud, where manipulation and consequent investment distortions occur in equilibrium. Industry-wide over capacity and optimism emerge when manipulation by one firm promotes manipulation by other firms in the industry. This dynamic externality occurs because managers are more likely to over-state performance when market expectations on productivity are high;
Link
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