Good Morning Today Trade

Friday, June 20, 2008

Stocks remain on track to open in negative ground. Despite caution surrounding financial and bank stocks, Citigroup has a favorable view of shares in Lehman Brothers (LEH) and Morgan Stanley (MS)

Crude prices bounce back to reclaim losses

Financials encounter pressure

Bond insurers downgraded

Being a Friday, I usually take half a day, and will again this Friday. I feel this Monday we will have a big down day :-( Sorry, buti am very nervous going into this weekend, Rumors hitting the market on MER and oil bouncing back today. I will be looking to take a bigger hedge into the weekend int he form of DXD and SDS