LEH is trading around 28.8, falling 10.8% from the 32.29 close of friday,
Will it be the next Bear Stearns?
I say "no" because they have been delevering for some time now, so investors can't make a run on them like they did on Bear. In addition to the deleveraging, $6B in capital will be a nice shot of liquidity. Of course, I base my assumption that the worst is behind us; otherwise, this credit cycle could outlast Lehman's $6B--andother financial institutions for that matter.