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American International Group, Inc. Message Board

  • bartleby_the_copyist bartleby_the_copyist Sep 25, 2009 3:59 PM Flag

    Monday will be GREAT!

    If they couldn't kill this one this week, they CAN'T do it any more.

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    • You said it bro. This thing should get pounded hard all next week and the week after. Have a great weekend all!

    • I doubt it. As mentioned in the earlier post, this will be a slow ride down as retail starts to walk away. It tested 43 and finished a bit lower despite a hard push (+2M shares in last few minutes) toward the end (along with the rest of the Dow.

      The analysts and pundits will stew on the economy over the weekend and probably conclude that the rally is over for the near term (huge run up, but no real good economic news). To recap this week's news:

      + Strong consumer sentiment in Sept
      - Weak existing homes data
      - $8K Housing subsidy soon to expire (Nov)
      - Weak durables
      - Syndicated loan defaults are up
      - Foreclosures are up
      - Credit card defaults are up
      - Commercial real estate defaults are up
      - Deficit high
      - Gold up / dollar down
      - Unemployment up
      - Former AIG CEO says no value (despite holding shares)
      - GAO says AIG worth nothing

55.82-0.01(-0.02%)Apr 29 4:00 PMEDT