Market refuses to go down
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Split adjusted, AIG was at $425 on Aug 29, 2008. 1 year later, it is trading at $48.
Does this sound like an inflated stock?
AIG has absolutely been killed, the stock had a 1 to 20 reverse split, otherwise this stock would be trading under $2.50 right now. Would traders be so eager to short a stock trading at $2.50?
Does this sound like an inflated stock?
AIG has absolutely been killed, the stock had a 1 to 20 reverse split, otherwise this stock would be trading under $2.50 right now. Would traders be so eager to short a stock trading at $2.50?
now temperature in New York in 80s. Would you bid it will be in 100s in 6 months? Economy is improving right?
AIG is a bankrupt company which will never in our lives will be able to repay 180 bln
I think it's enough to assume fair price for AIG is zero
presplit, post split, economy is improving or not, more bailout or less, doesn't matter - their fair fundamental price is zero
Maybe so. During the dot com days there were lots of companies with incredibly stupid business plans, no revenue, no profits, and no hope in hell of ever being successful that had valuations in the billions. And they kept going up. Just because the fundamentals say that something is worthless, doesn't mean that it won't murder you if you try to short it. I always just watch the chart and try to read market sentiment to determine when the idiots are done buying.
Very true. Tough to fight Banana Ben here. He's shooting dollars with reckless abandon. They are finding their way into the stock market, just ride the wave.
The rally is not gonna stop until Banana Ben gets fired or oil hits $300/barrel and mass hysteria and public revolt ensues over hyperinflation.
I venture to guess that we will close in the green today, make it 8 in a row for the Dow! Joltin Joe Dimaggio has nothing on this market, maybe we can reach 56 straight up days in a row. Banana Ben would love that! He's going to be enshrined into the Hall of Fame. LMAO.