Lehman Brothers and the Financials

What a wierd day. MER, AIG, and LEH hit millenium lows and the financilas go up. Oil prices practically tag $100 an energy stocks rally. Go figure. It was a perfect day to sit on my hands and do nothing but I had to play in traffic. It wasn’t that bad but it was a sruggle.

The Wall St. journal reports that BAC has spoken with LEH about a bailout, I mean merger. A spokesperson for BAC said they would make the acquisition if “encouraged by the government.” Don’t you just love an enthusiastic buyer?

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