This morning Lehman Brothers ( LEH ) is getting pounded yet again. I can't wait until this thing goes to zero so we can stop talking about it. The company has been in denial since it went under $50. The have access to the discount window yet they are not using it. The claimed a month ago everything was fine yet they are selling off assets at the worst time.
Anway...to the Lehman ( LEH ) news of the day.....
Citigroup ( C ) is cutting Lehman to hold from buy.....price target $9. This is halarious....why didn't Citigroup do this on Monday went LEH stock was at $15? They would look like heros, but instead, C looks like idiots today...waiting so long to downgrade it.
What I can't understand is why financials are still downgrading other financials? The financials have been in freefall since early 2007..... don't you think they have been a sell this whole time?