Wednesday, February 10, 2016

Lehman Analog

"Last February, we were at $66 a share. Lehman Brothers is NOT Bear Stearns. We have a great business. Real estate will come back. I am not fucking giving this company away!"
--Richard Fuld (Too Big To Fail)

Overlaying Deutsche Bank on Lehman's stock price in its final days looks like this:

The Lehman squiggles denote big short term moves higher in a general downtrend. Until LEH was gone, of course.

Expect the same with DB.

position in SPX

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