Callan and Gregory out at LEH

CFO and COO out at LEH, here are my questions
-Why is stock still trading down?
-Is this a smart move?
-Can LEH survive as an independent company? Does it need to be bought? Who would buy?
-What are LEH opinions and cds doing?
- MS just upgraded the financial sector ---- are banks a buy? At what levels?

 

was up 2.3% a min ago

atm implied vols are 150, yiikes

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

------ "its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
 

oh and ms upgrading financials, whats the point of following analyst views on financials anymore

Merrill downgrades leh a week after upgrading and now ms upgrades everyone, this is boy who cried wolf

watch lehman downgrade merrill, that'll be a hoot

------

"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."

------ "its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
 

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