Paulo

Is AIG a Buy Following the Government Bailout?

Thanks James Kar.
I just doubled my money on AIG in 24 hours.
But what I had in mind longer term, was that perhaps AIG would turn out like the Royal Trust affair in Canada a couple of decades ago. The Royal Bank of Canada ended up with the solid part of the business, but so as not to leave shareholders with nothing, a new company called Gentra was created and the crap that nobody wanted was dumped into that. If you held on to Gentra, you actually got most of your money back several years later.
So I am hanging on to a couple of hundred shares (which are now free) to see if something like that happens or perhaps a miracle will occur and AIG survives relatively intact.
Time to move on.

Is AIG a Buy Following the Government Bailout?

If that is what you think, buy now for a couple of bucks before everyone agrees with you.

Four Questions About How We Got Here

Wow! Did that market ever take a big dive after that uptick!

Four Questions About How We Got Here

User 262591 -- S&P 500 after hitting 1200.74 is now in the inevitable uptick in the last part of trading which will result in optimistic news reports this evening.

Four Questions About How We Got Here

User 262591 -- about resistance levels -- do not panic. The S&P 500 is, as I write, at 1205.47.
The 52 week low is precisely 1200.44.
In all probability it will be reported this evening that the S&P decline encountered "resistance" at the 1200 level.
Less than an hour to go, let's see.