March 14 (Bloomberg) -- Lehman Brothers Holdings Inc., the second-biggest U.S. underwriter of mortgage-backed bonds, said risks posed by rising home-loan delinquencies are ``well contained'' and will have little effect on the firm's earnings.
Keep in mind that Lehman's sub prime revenue is only 3 percent. It it 10% for Bears Stearns, so we will see what that firm has to say tomorrow.
I also just heard on Bloomberg that Lehman mentioned crack spreads as signaling stagflation. I will have to confirm that in print, but if that is the case, gold will be the ticket.
On anther note, QQQQ is back at 43, as if nothing happened. Max pain is 44, but as I mentioned Monday, there is lots of trading noise at 43.
Keep in mind that Lehman's sub prime revenue is only 3 percent. It it 10% for Bears Stearns, so we will see what that firm has to say tomorrow.
I also just heard on Bloomberg that Lehman mentioned crack spreads as signaling stagflation. I will have to confirm that in print, but if that is the case, gold will be the ticket.
On anther note, QQQQ is back at 43, as if nothing happened. Max pain is 44, but as I mentioned Monday, there is lots of trading noise at 43.
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