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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,468 Blog Posts

The ‘Lehman’ of Our Time is Now Ripping to the Upside

Dr. Fly Mon Oct 5, 2015 7:07am EST 2 Comments

Glencore is now +12% in London on takeover rumors. The metal giant has now made up all of its one day -28% losses from two weeks ago–which spurred all of the bears, from every orifice of the world, to declare it “the Lehman Event’ of our time.

In related news, European markets are up more than 2%, led by the CAC, which is higher by 3.2%.

NASDAQ futs are +32.

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2 comments

  1. superpositron
    superpositron
    October 5, 2015 at 7:29 am

    Larry Mcdonald (@convertbond) doesn’t care about its stock price. More concerned with its 1 and 5 year CDS

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  2. zuul1
    zuul1
    October 5, 2015 at 8:07 am

    Meltup time

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    • 0 Deem this to be "Fake News"

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