- The President of Legg, Mason (LM) was on CNBC this evening and he gave the appearance of being in shock. His stock is trading at $18.65, up 7% today but down from $80. LM’s Bill Miller was the hottest manager of the last decade and his flagship fund is down 55% this year.
- Good action today in Goldman Sachs (GS). Down as much as $5 by mid-afternoon the shares finished up $3.47. Continue to watch GS for leadership.
