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Toddo on TV: Will Lehman, Wachovia Bounce?


Markets, movers and more.

What's on the minds of traders everywhere? Toddo explains that the key factors today are the VIX Volatility Index and the bounce in financials, including General Motors (GM) (a financial in drag). He says that he got long some financials including Lehman (LEH) and Wachovia (WB) into the early slide and believes they're set for a short-term bounce. For these types of plays, make sure you've got them on a tight leash, particularly with job-related economic data and an early close tomorrow.

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Positions in LEH, WB

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