Is this a bad sign? Speculation in zombie financial stocks seems to be rising. I'm not talking about Citigroup (NYSE: C) and AIG, though we've seen a run-up up in volume and price in both of those stocks. The real zombies are the likes of Washington Mutual and Lehman Brothers (Lehman Brothers news). Yes, they both still trade via the Pink Sheets.

CNBC notes that both stocks have enjoyed a massive run-up recently, which may strike some as troubling. Penny stock speculation is almost always a no-win game, and most would agree that you're kidding yourself if you think these stocks have any real value in them. But you never know, the legal process is full of surprises. Investing in these financial zombies seems to have become a speculative sport. 

For more:
- here's the CNBC article

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