N.Y. Times says, that the real systemic risk in the case of a failure of AIG is: In the United States, A.I.G. has more than 375 million policies with a face value of $19 trillion. If policyholders lost faith in A.I.G. and rushed to cash in their policies all at once, the entire insurance industry [...]
As talkingheads and public becomes extremely bearish, WATCH OUT … We might be extemely close to a BOTTOM … at least for a decent bounce … Every day we hear new superlatives … worst year since … worst performance since a.s.o. WATCH OUT for a REVERSAL!!! FDAX 3.6xx sounds good S&P below 700 … it [...]
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