This one goes out to all the unfortunate souls of the Galveston West end, our thoughts and prayers are with you. There was a hurricane hitting the financial markets last week as well, and we are taking on water fast:
Part of the reason for the massive drop in AIG last week was related to worries of more credit losses, but they also insure property and life in Texas where major damage is expected. Hurricane Ike added fuel to an already raging fire and $30B in equity vanished last week as the stock plummeted. Who'll stop the pain?
2 comments:
IT LOOKS LIKE ALL THESE STOCKS WANT TO GO TO ZERO
No need for the caps dude and all what stocks? Insurance companies?
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