Both Citi and Goldman maintained their "Buy" ratings on LEH.
Here's what we were posting:
4:01 a.m.
Oil price speculation: Masters back on the attack
4:54 a.m.
Attention Trina Solar Investors: China Inflation Eases As Trade Gap Grows (TSL)
5:33 a.m.
Wind: Blowback
7:21 a.m.
Lehman Brothers: Deal Journal warrior goddess Heidi Moore is live-blogging the call. (LEH)
7:57 a.m.
Large Hadron Collider Starts Up, Earth Suvives, End of the World Puts Plummet
...Long or Short is now offering LHC End of the Universe Puts. It’s a simple put option wherein the buyer retains the write to sell the Universe at a strike price of “Existing”. Based on our Black-Holes model used to value all “end of the world” options, the July 2008 vintage options are currently priced at $20....9:10 a.m.
Electricity: BLACKOUT BRITAIN WARNING
1:31 p.m.
Drill Here–And Fight Terrorism, Too?
With tomorrow's anniversary of the mass murders of September 11, I should point out that the writer of the above, Keith Johnson, works for Dow Jones, headquartered in the World Financial Center, 200 Liberty Street, NYC, NY....
(on the right, cut pyramid roof)
A view of the World Trade Center,
from the Hudson River on August 26, 2000.
The first day of the week without a 200 point DJIA swing and a short workday, and so to bed
Here's MoneyBeat's recollection:
This Day in Crisis History: Sept. 10, 2008
Lehman Brothers Holdings rushed out its third quarter results and a plan to shed assets as the investment bank attempted to halt the plunge in its shares.The hurricane was still coming.
The bank announced a plan to sell its 55% stake in investment management unit, which included Neuberger Berman, and would spin off some $25 billion in its commercial real-estate portfolio into a publicly-traded REIT. It also warned of a $3.9 billion loss for the quarter, including more than $5 billion in writedowns on residential mortgage holdings....MORE
