Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Thank you for your definition of a "Lehman moment". You dwell on the post event of bk and the effects. I see a Lehman moment as a canary in the coal mine when it appears that a failure of a large financial may be disruptive to the financial markets. I see a Lehman moment as something that may happen to create a Lehman type event. You apparently see it as moment that has already happened and ignore the canary. In investing you always want to be looking for signs of a trends proactively, than responding to events that already happened.
I saw this news last week and decided to lighten up from lessons learned from Lehman. That moment when Lehman looked like it would fail and prepared. China financials are down 9% in the last 5 days. Citigroup is down 4%. Something to keep an eye on.