Sunday, September 14, 2008
Besides gas moving up from $3.81 to $4.40 gallon over the weekend, Barclays is apparently walking away from a deal to purchase portions of Lehman's business, Bank of America is in merger talks with Merrill Lynch, and AIG is planning a restructuring plan to be announced tomorrow. Time to keep an eye out for XLF, possibly another move to add to the position in the coming days if weakness unfolds. The market is going to try and make sense to sort this all out. It will be a fun Monday.