Closing hour:
ES drops 1212.50, bulls need to step up to the plate soon and get back above or we will test the overnight lows (1203.25 and NQ 1714.75). AD lines are -2680. Red flag indeed.
Fed Fund futures are starting to price in a rate cut tomorrow.
Sept. 15 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said he never considered bailing out Lehman Brothers Holdings Inc. and that a government loan to American International Group Inc. isn't currently an option.
``The situation in March and the situation and facts around Bear Stearns were very, very different with what we were looking at in September,'' Paulson said today at a White House briefing in Washington. ``I never once considered it appropriate to put taxpayer money on the line in resolving Lehman Brothers.''
ES drops 1212.50, bulls need to step up to the plate soon and get back above or we will test the overnight lows (1203.25 and NQ 1714.75). AD lines are -2680. Red flag indeed.
Fed Fund futures are starting to price in a rate cut tomorrow.
Sept. 15 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said he never considered bailing out Lehman Brothers Holdings Inc. and that a government loan to American International Group Inc. isn't currently an option.
``The situation in March and the situation and facts around Bear Stearns were very, very different with what we were looking at in September,'' Paulson said today at a White House briefing in Washington. ``I never once considered it appropriate to put taxpayer money on the line in resolving Lehman Brothers.''
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