As I am sure you can guess, I am not happy with the bailout of AIG. They are not being forced to feel the pain and so the dollar may feel the pain as a result. This was a bad move. Protect the policies but not the managers, they showed they do not deserve to [...]
Entries from September 2008
September 15, 2008
Lessons from Today’s Market
I have been watching the markets for a while. Having left financials a long time ago and not advocated them, I saw this company for a while. Having lived through the dotcom bubble, I knew the signs and this has trouble written all over it 3 years ago.
Today the market fell 500 points with [...]
September 15, 2008
AIG Sinks Again
Can you hear the splashing of water? That’s AIG trying to stay afloat, reaching a new low of $4 a share. Wow!
So AIG is seeking some relief, the feds are in and even Cramer was saying we should help AIG because of the insurance policies. Yeah, save the policies, not the company. The government [...]
September 14, 2008
AIG’s “Special Call”
So AIG is having an analyst call on Monday. Word on the street is, they are going to say everything is just fine, don’t worry about the fact the stock has dropped like a rock to $11 mid day Friday, a drop of about half the value. This is what Bear Sterns and Lehman’s did [...]
September 8, 2008
AIG Stock and Marketing Connection
Here and on message board, for two years I said AIG was going down. I predicted $30 per share; it’s been in the low $20’s for a few months now. Back when I said it was going down, it was in the $60’s and way over priced in my opinion. Something that I find interesting [...]
