LEH falls 85% in Early Trading in FrankFurt. Merril Jumps 30% on Bank Of America Buyout!
Monday, September 15th, 2008Its looking grim for LEH holders as the stock has slid 85% in early trading on the Frankfurt exchange as well as most US bank shares eating it between 7.5% and 17%. It sucks for those who were trying to bet on these companies hoping for a bottom and losing mucho dinero! For example this guy is hating life today lol and just threw away $15k. I’m sure there are plenty more of him out there that are losing way more than $15k throughout this financial market mess. I was curious to see how the market was going to react to the Bank of America and Merril lynch buyout news and MER is actually up 30% as they seem to be in the clear with big poppa BAC to have there back now, yet Bank of America shares are sliding over 12% on the FSE currently. Just a glimpse of what we should expect to see Monday in the US markets. Ok i’m off to bed now. C ya’ll in the Morning .
