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The L on your P&L if you want to think rationally but not carefully.
AIG has traded it's full float in a day 5 times in August alone. All but one of those days was for big gains. They can't all be a short squeeze. Nor should it be considered mere coincidence that the wards of the state, AIG, C, FRE, FNM have been on monster runs. Looks to me like there's a plan in place to make sure it looks like the government made "good investments" (wink wink nudge nudge).
I haven't even traded the last few days. Sitting on my hands, having liquid breakfasts and laughing my head off as I watch the markets roar and the madness ensue. But there's no way I'm diving into those waters now. Gonna wait for the tide to recede and see all the naked people trying to cover up...the shrinkage. Then it's one last chuckle before going in short with all guns a blazin.
You are so dead on the money with that comment!
This is just so pathetically PHONEY!
Paying back with what? ... rentenmarks?
Lol @ the tags: Casino, Forced Short Squeeze and Volkswagen.
Sometimes Megabucks hits when youre in the casino....
FRE,FNM,BAC,C,AIG--skyrocketing bankrupt stocks. Are we all in a Gordon Gekko movie sequel? Greed is good!
Get David Lynch to direct...
Well, the higher AIG's stock price, the more effect it has on the SPX, right? I guess gunning the index futures isn't enough. Now they have to gun crap stocks. Whatever.
It would be funny to know how many times the same
share goes around and around and ... you get it.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
The government is getting ready to screw the taxpayer again. The government need to wipe out that equity sell off the damn units and pay back the TSY(with inteterest).
Is it a coincidence that the Fed retires MBS from "other" hands and AIG skyrockets?
Nope, the word got out 3 weeks ago, to the insiders at least
These are govt owned stocks with an unlimited printing press behind them. No one in their right mind will short these guys. Forced short covering going on.
"What one cannot borrow, one must buy."
Snakespeare
FDIC is out of money
I can't wait for Bob.
Victory for the bulls. Buy buy buy
FDIC = Out of money
Bob Pisani = Vicotry for the bulls
I'm down so much I'm gonna beat my dog
Don't! Soon, your dog will be able to TRADE, as TRADING jobs will be the only ones left in the USA! Think of the potential, a country and its animals, TRADERS!
For this Fund, Management Fees = 5% and Performance Fees = 50%. No loss carry-forward
How long until Droopy arrives with "Going down, sir."
http://www.youtube.com/watch?v=k4x0WkfC82c
In the "olden days" in Texas, developers would sell property back and forth until they got their price up.
2 corrupt developers + 1 corrupt appraiser + corrupt S&L = S&L Crisis.
Many went to jail. But hey, that was the "olden days". This seems more efficient and lot less paperwork.
Ouroboros comes to mind somehow.
That fucking asshole who now runs AIG better learn fast that his fucking $7M salary is only being paid because the taxpayer bailed them out. He needs to pay back the taxpayer ASAP, not whenever he feels like it.
Good post. My sense is the guy reeks of arrogance and entitlement. Throw his ass out with the rest of them.
His first official act was to take a vacation. Nuff said.
Is there an ETF for all the bailouts?
what a scam
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
It's all part of the plan Greenspan hatched.
Keep equity prices high so companies can borrow money against their stock.
So what if instead of hiring people or buying equipment they just buy their own stock. It will just increase their market capitalization!
That was my thought as well. If they killed any shorts along the way, it was their own fault.
Don't sweat it too much - their CEO will be well rested and ready for action, just as soon as he gets back from the beaches...
http://www.reuters.com/article/ousiv/idUSTRE57Q24J20090827
Hey guys....shit floats....
But Government shit....that levitates!!!
Can someone please tell me what the hell is going on? Who the hell is trading this crap?
I sure as hell do not know the specifics. Some seem to think this is WAY too much to be just a short covering rally. Check out the title on the article below, which is all the more refreshing for its honest bewilderment:
http://www.google.com/hostednews/ap/article/ALeqM5jAGF0_a0ny2pgxtLC8FAUQ...
Oh yeah, forgot about this one:
http://zerohedge.blogspot.com/2009/07/1-to-3-years-of-securities-recalls-aka.html
aig is trading its whole float in one day.
the strongest moves have happened on wed / thurs
3 out of the last 4 weeks