Monday, March 17, 2008

Markets, LEH rolling over

S&P: -30 Dow: -168 Nas: -54.6

After an impressive bounce that saw not only the Dow gain over 200 points and cross into positive territory, but also LEH recover 20% of its market cap, stock indices are substantially lower at this hour as LEH shares hit new intraday lows.

LEH -46%
MER -12%
MS -12%
GS -10%
JPM 8%
SKF financials ultrashort ETF +10%

Oil is down over $4 below $106 and commodities save gold are soft across the board as traders book profits.
DUG oil/gas ultrashort ETF +9%

No comments: