News from Goldman Sachs Group (GS) and Lehman Brothers (LEH) has scared short sellers again and the 1.5% rally in the futures might take some pressure off the Fed today. Liquidity was the problem for BSC and now the GS and LEH are saying it isn’t so bad for them the Fed may not have to be as aggressive as some had been expecting. But didn’t the BSC chairman say there were no liquidity issues three days before that company imploded? Only trust price!
Pre-market trading in GS and LEH has these stocks up significantly.