Friday 28 August 2009

If you can't beat them...

From the Wall Street Journal

Since Aug. 5 — when we saw names like Fannie, Freddie and AIG reawaken — trading in those three stocks, plus Bank of America and Citi, has averaged about 31.5% of the NYSE consolidated volume. At their peak on Monday, these five stocks accounted for nearly 43% of the NYSE consolidated volume.
AIG is surging day after day. Let me remind you this company was in default in 2008 and required 3 bailouts
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