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Lehman Brothers Holdings Inc

Wow 2nd post today? I'm on a roll. Anyway, this is big news. Anyone who reads the news would have known this by now.

Lehman Brothers Holdings Inc., the 4th largest US investment bank had filed for bankruptcy yesterday.
News ticker in New York's Times Square (Pic taken from Yahoo!)

More news at the following links: -
BBC
CBS news

Lehman is a 158 year old bank that is up stumped by credit crisis and soured real estates values.

Closing for key Asia-Pacific stock market on 15.09.2008 (Pic from Yahoo!)


Lehman Shares since Feb 2008 (pic from Yahoo!)


Japan's benchmark Nikkei stock indes decreased by 4% (pic from Yahoo!)

Do you know what kind of impact this would have on my investments????

I have 3 seperate investments.

1. ASB (Should be quite stable kua)

2. Public China Select Fund (I bought it at 0.18++ and the price as at 12.09.08 is only 0.1660. Its just gonna drop further since it has not yet taken in the effect of the lehman bankruptcy. This is bad)

3. Public Dividend Select Fund (I bought it at 0.25++ and the price as at 1.09.08 is 0.2405. This is not too bad. Hoepfully it will be stable and not as volatile as the China fund)

OMG. OMG. OMG!!!!!!!!!!!

I better stay off in investing for the time being until maybe a mth later. Actually...come to think of it, actually its a good sigh. If I got the cash (I'll see how much we can come up with), I'll definitely go buy it. The rule of the thumb.....enter the market when its low.

There are lots of other complications.....sigh!!!!!!
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