A Lehman Liquidation and Financial Futures Way Down

S&P DOWN 36 HANDLES
DOW DOWN 320
NAZZ DOWN 42

China,Japan and South Korea are on holiday today. Lehman looks like they are starting the liquidation process and a bankruptcy filing is forthcoming.

Don’t count out a possible rally after the big wooosh down. This could be viewed as the end, but who knows. You know me.

P.S, and we still have WM and AIG in the morning. Fascinating times.

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