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Showing posts from August 24, 2008

The next big company fall is near.

I hope everyone was listening when I told you to buy BONDS, below is a current article on this matter. Think of Bonds as a master reset switch for our economy. By TIM PARADIS, AP Business Writer 54 minutes ago NEW YORK - Stocks sank in thin trading Monday as worries about the credit ratings of American International Group Inc. weighed on the financial sector. The Dow industrials fell 241.81, or 2.08 percent, to 11,386.25 Bond prices jumped as investors fled to the safety of government debt. AIG was the steepest decliner among the 30 stocks that make up the Dow industrials after a Credit Suisse analyst cut his price target on the world's largest insurer and after Fitch Ratings warned late Friday that it might cut its ratings on the company, which has been buffeted by investors' distaste for some of the types of complex debt instruments on AIG's books........ On a side note, if I am not mistaken about 5 or 10 years back AIG was an upstart discount insurance company. Remember