Tuesday, September 16, 2008

AIG looks like

a bottom because of its tentacle like reaches to just about everything. The thing is IF it's resolved. If not this is like World War I where all these unknown agreements come to the fore and create economic havoc as we know it today.

Maybe that is what all this wild weather is telling us, but it also states that after the wreckage, there is rebuilding.

AIG broke its trendline and is now a new company. Hank Greenberg lost 3 billion dollars of paper wealth. How does that feel? Like many great men of finance I find it hard to believe that he isn't going to go down with a whimper which it appears currently. They took away his control in the last bull market and now they are taking away his company piece by piece. It also shows how a company can grow and grow with good management, a product that is always in demand, and leverage, but it is sad to see when the party is over.

A mess everywhere and the sun is shining while you want to hide in your hole. Let someone else take care of the mess.

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