Lehman Recommends MBS

Given that a "flood" of paper is hitting the market today I am more than a little suspicious about the timing of this recommendation yesterday: Lehman Brothers moves to MBS overweight.

Lehman Brothers Holdings Inc (LEH) said it raised its U.S. mortgage-backed securities recommended allocation to an overweight position.

 

I guess it's time we all got ut of the PMs and scurried right on over to Mortgage Backed Securities. And they say Elliot Spitzter is a hippocrit!

This is becoming truely demonical.