Lockstep Investing

Profit Plays for the End of the 'Fail-and Bail' Cycle

This article is horrible! "This is not confined to Lehman as I predicted last week". UGGHH!! Who didn't know that!

There is absolutely no insight in this post. None.

You do so much better in emerging markets analysis.

Could Lehman's Failure Cause a Systemic Meltdown?

Give Lehman to Nomura or another Japanese bank. They never have to mark-to-market. They can hide all of those assets (liabilities) under a rug for years!

Calling a Bottom: It's Time To Party

I disagree and I don't understand your logic. Housing has not bottomed = No bottom in credit crunch, it is that simple. Don't get excited about noise.

Why I'm Leaving Lehman

???

Say something more significant, like what has changed about their exposure that has motivated you to leave the position.

I am still a bear on Lehman because their high leveraged loan exposure compared to shareholder equity. I believe they have significant CDS exposure too. None of these things will be solved at the discount window or TAF. So I remain in my position and wait patiently.