Credit Suisse downgrades AIG

Quote from Ivanovich:

This should see the stock break 50 finally!
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Unbelievable how many "sophisticated investors" move into a stock that is de facto 100 x bankrupt ! Everybody invested in the stock deserves a lesson !
 
Quote from ASusilovic:

Unbelievable how many "sophisticated investors" move into a stock that is de facto 100 x bankrupt ! Everybody invested in the stock deserves a lesson !
More...

There is nothing "believable" about any of the market these days. Logic, intelligence, common sense - all out the window. It's just buy anything you can get your hands on before things close down.

These are the markets I thank God that I am not a full time trader, and that I have a nice corporate job. I wouldn't be able to trade markets that are so disconnected by reality.
 
Quote from Ivanovich:

There is nothing "believable" about any of the market these days. Logic, intelligence, common sense - all out the window. It's just buy anything you can get your hands on before things close down.

These are the markets I thank God that I am not a full time trader, and that I have a nice corporate job. I wouldn't be able to trade markets that are so disconnected by reality.
More...

Lots of institutionals are playing 2010 V recovery games. Regardless of valuations they argue that the prices paid now will be 100 % ( exaggerated in scope ) profits until June 2010. It just can only become better and better.
 
So, I'm confused. I actually made money on AIG short term but was out in the mid $26 range. Had I known........

AIG is one of the leaders on the S&P today, scaring the crap out of $40. WTF?? I'd love to hear some opinions as to why.

Shorts covering from that near $50 insanity maybe? What is pushing this dog up and why hasn't it plummeted? It almost seems like an obvious short down deep.
 
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