The dispositions of the various assets may have raised some capital to negotiate in bk court.
The bailout will aid in the mortgage instruments.
The ban on shorting finanacials always helps.
The volume of shorts needing to cover and move on to other deals.
The threat of an extended 3 month shorting ban like European markets have.
The confidence that a firm with such a long history can wiggle enough to save itself is evident in the markets.
The thought that the Government may still come to the aid of Lehman in allowing special access to new opportunities. Remember this firm is an institutional worker.
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