The Dow Drops 500 Points On Financial Woes! SPX, Nasdaq, LEH, AIG, MER
Posted on September 15, 2008 at 18:47 PM EDT
from MyHappyTrading.com by HappyTrading! ™ I’m travelling today, so, I’ll do a quick market write-up. Over the weekend LEH was unable to solidify a rescue plan for itself and was forced to file bankruptcy. Further, more concerns over AIG exerted additional pressure. Even with a buyout offer at $29/share, MER ended almost unchanged at $17.06! AIG has been [...]