The story on the wires this morning is that the Korea Development Bank is ‘considering’ an option to acquire all or part of Lehman (LEH). The story coming off the wires says that the two firms have been in talks but have failed to reach an agreement due to concerns about the financial health of Lehman. Both companies have declined comment.
This story has sent the pre market futures running to the upside. Resistance is the wedge we broke out of earlier in the week and so far that resistance is holding. This is likely to be a wild day.
We also have Ben Bernanke speaking today..
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010


It’s been a while since we have heard from Ben. Has he been in the shop getting his bolts tightened?