The news today on Lehman reminds quite a bit of Bear Stearns a while back. Oh yes, we hit a couple of speed bumps, but we’ve gotten past all that and now things look just ducky indeed, thanks for asking.
I don’t think so. Bear would have psychotic rallies (short-covering?) but then eventually the bottom fell out. Will Lehman also cease to exist?
I got scared out of my Bears Stearns put a couple of times, won’t make the same mistake again.