Lehman may not be as lucky as Bear Sterns – the meltdown continues
Marla Guthrie
Jul. 1, 2008

Lehman may not be as lucky as Bear Sterns. All indications point to a run on Lehman just like the next Bear Sterns. A run on the bank can be catastrophic. But Federal Reserve may not come out to save the financial institution this time.

Lehman Brothers Holdings Inc. shares tumbled on Monday to their lowest level since 2000 on news that the Wall Street firm is in trouble, including possibly having to sell itself for a bargain-basement price.

The Dow Jones Wilshire U.S. Banks Index, which slid 26% for the quarter – the worst performance in recent history signifying a real meltdown in the financial sector.

Lehman denied all such rumors. But so did Bear Sterns before totally capitulating.

Lehman may not be as lucky as Bear Sterns – the meltdown continues
Marla Guthrie
Lehman may not be as lucky as Bear Sterns. All indications point to a run on Lehman just like the next Bear Sterns.
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Bank of England finally joined the global cenral banks fighting stagflation. The inflation is rising fast like in UK like in other countries.
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Can Jindal survive Louisiana backlash on his 123 per cent pay increase for legislators – is Jindal a pawn in the neo con right wing sect of the Republican party?
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Oil can breach $150 but as European Central Bank raises interest rate this week, smart money is starting to leave the oil pit
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Some oil traders and dealers are fixed on the European Central Bank (ECB) and Federal Reserve’s interest rate policies.
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The US Dollar has no significant risk as low manufacturing and job data is already discounted
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The market is scared about the weak and vulnerable US dollar and what it will do when the under performing manufacturing and job data...
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Dollar can stabilize but stocks and bonds will see the worst bear markets in the history as Federal Reserve has lost the confidence of investors
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Most of us are focused on the stock market’s fall in the first half of this year. But silently the bond market has performed worse than the stock market.
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Global stock market can lose 50% of its value in the next twelve months
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One thing that the stock markets cannot tolerate is the higher interest rates resulting from higher inflation.
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Federal Reserve, the stock market, and the Wall Street banks face a new wave of worries on auction rate securities
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The auction rate securities provided a safe heaven for many companies who parked their money in high quality auction rate securities.
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