AIG is back to $48/share?!?!

[partypup]

Is it just me, or isn’t this company a dead man walking?

http://finance.yahoo.com/q?s=aig

Apaprently, in the bizarro world that is now the U.S. stock market, all that is required to super-charge a stock is to express confidence and optimism.

“The stock of bailed-out insurer American International Group Inc (AIG.N) surged 30 percent to $48.98 after the new chief executive, Robert Benmosche, told Reuters on Wednesday he did not favor a fire sale of its assets. He also said in the interview that in a year, people will say the company is performing well.”

Insane. Maybe if Obama invites the Chinese over for finger sandwiches and beer he can convince them that in a year the U.S. will be completely out of debt and able to buy all the cheap s*** China want to throw at us. That should do wonders for the dollar!

http://www.reuters.com/article/usMktRpt/idUSN2732209120090827

[LesBaer45]

Well it is stupid but don’t buy into that price exactly.

There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.

[LesBaer45]

Well it is stupid but don’t buy into that price exactly.

There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.

[LesBaer45]

Well it is stupid but don’t buy into that price exactly.

There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.

[LesBaer45]

Well it is stupid but don’t buy into that price exactly.

There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.

[LesBaer45]

Well it is stupid but don’t buy into that price exactly.

There was a 20:1 reverse split. That sorta has something to do with it. Not all but some.

[SK in CV]

Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.

[SK in CV]

Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.

[SK in CV]

Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.

[SK in CV]

Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.

[SK in CV]

Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.

[partypup]

[quote=SK in CV]Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.[/quote]

You’re right…but does that make any sense to you? It’s just bizarre. Banks are failing left and right, a Fed official has just admitted today that real unemployment is 16% and 25% of the stores I drive by every day in West LA are EMPTY.

…And yet the stock market and toxic companies are soaring in price!

I feel as though I’ve entered some alternate reality where black is white and up is down!

[partypup]

[quote=SK in CV]Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.[/quote]

You’re right…but does that make any sense to you? It’s just bizarre. Banks are failing left and right, a Fed official has just admitted today that real unemployment is 16% and 25% of the stores I drive by every day in West LA are EMPTY.

…And yet the stock market and toxic companies are soaring in price!

I feel as though I’ve entered some alternate reality where black is white and up is down!

[partypup]

[quote=SK in CV]Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.[/quote]

You’re right…but does that make any sense to you? It’s just bizarre. Banks are failing left and right, a Fed official has just admitted today that real unemployment is 16% and 25% of the stores I drive by every day in West LA are EMPTY.

…And yet the stock market and toxic companies are soaring in price!

I feel as though I’ve entered some alternate reality where black is white and up is down!

[partypup]

[quote=SK in CV]Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.[/quote]

You’re right…but does that make any sense to you? It’s just bizarre. Banks are failing left and right, a Fed official has just admitted today that real unemployment is 16% and 25% of the stores I drive by every day in West LA are EMPTY.

…And yet the stock market and toxic companies are soaring in price!

I feel as though I’ve entered some alternate reality where black is white and up is down!

[Author]

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