The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Peter V who wrote (145775)	9/11/2008 12:49:50 PM
From: Peter V	Read Replies (3) of 306849

Wall Street turns higher as financials trim losses Thursday September 11, 12:16 pm ET NEW YORK (Reuters) - Stocks turned higher on Thursday as battered financial shares trimmed losses as investors bet that authorities might work out a plan to stabilize embattled investment bank Lehman Brothers (NYSE:LEH - News). Earlier on Thursday the U.S. Treasury Department, asked about the steep drop in Lehman's stock, said it was continuing to monitor markets and was keeping in touch with market participants. AWESOME!!! More govt. bailouts of WS IBs! I hope they spend ALL of my taxes on bailing out these assholes! CNBC television reported on Thursday that Lehman Chief Executive Richard Fuld was "actively shopping" the investment bank and would mull the sale of 100 percent of its asset management unit Neuberger Berman. (ID:nWEN7948) The Dow Jones industrial average (DJI:^DJI - News) was up 2.04 points, or 0.02 percent, at 11,270.96. The Standard & Poor's 500 Index (^SPX - News) was up 2.72 points, or 0.22 percent, at 1,234.76. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was up 10.64 points, or 0.48 percent, at 2,239.34

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