Market today

[dalakhani]

Originally Posted by Crown@club

Rumor has AIG being sold around here.

The fed has already come out and said that it wouldnt back stop any deal involving AIG.

Who would want the contingent liability that comes with an insurer. Its not like you can book the losses and write them down. You wouldnt even know where your losses are yet.

But hey, if it gets done, that would be a huge deal.

And the market is tanking hard at the end of the day which makes me think that a huge bounce tomorrow isnt as likely.

Oil is dipping back under 94. People need cash and are dumping all long positions with any value.