Random Thoughts: Tying Together an Uncertain World
It’s hard to believe it’s been seven years almost to the minute since that fateful day.I’ve already shared my fare—in what was one of the most difficult albeit extremely cathartic columns I’ve ever scribed—so I’m gonna turn my attention to the tape.Life goes on and for that we’re extremely lucky.Several elements are competing for attention this morning. Lehman Brothers (LEH) tops the list as the stock continues to digest its kitchen sink approach.Yesterday afternoon Professor Bennet Sedacca noted on the Buzz that Lehman two-year paper was trading 1000 bips wider than it was the previous day. That was the clarion call that ...
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