As I said earlier in the blog, Financial news will be closely watched by the investors.   Now that crude oil no longer pose much of a threat nor interest to investors, unless of course something bad happen in the likes of say Israel attacking Iran, I don’t think crude oil or other commodities will be in the horizon of a typical trader.   The buzz word now is Finance Finance Finance.  Lehman Brothers had given the investors a lot to worry about.   I guess the Fed will also need to rescue it if anything bad happens.   Now is more of a psychological game.  Can Lehman management convince the investors that they are on solid footing?

Secondly Wamu, one of the Best runned banks and also a classic MBA study case is now at 17 year low.   Who will be another Bear Sterns I wonder?   What will the Fed says when they use tax payers money to bail them out?  Or will they not bail them out?   Chances are more than if such a situation occur, Fed will intervene.   Freddy and Fannie already had Fed hands full, wonder how many banks can the Fed intervene in?   From the looks of it they require infinite financial resources to tide over this crisis.   Which is no wonder why investors are keeping their eyes focused on Finance companies and Banks.

The futures indicate another bad day again and Yahoo is now at $17.70, I wonder how the Yahoo investors are feeling now.