Now Showing: The Market Zombie Movie

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 |  Includes: FMCC, FNMA, LEHMQ, MTLQQ, WMIH
by: Colin Peterson

'The Market Here' is the zombie movie all star cast, roughly in order from most to least outrageous:

General Motors (OTC:MTLQQ) - hovering at a half-billion dollar market cap, even though the stock is worthless.
Lehman Brothers (OTC:LEHMQ)- up 200% on Friday, even though it faces $100 billion in claims.
AIG (NYSE:AIG)- up over 5x since beginning of July, even though the CEO admits there is no equity in the company.
FNM (FNM) - up hugely. But the preferred stock still less than 10 cents.
FRE (FRE) - same as FNM,
Washington Mutual (WAMUQ.PK) - up 35% on Friday. Why not buy the holding company notes for 70 cents?