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Category Archives: AIG


Investors Run For Safety, Pumping Gold Up More Than $90! SPX, Nasdaq, AIG, GS, MER, BAC, MS, GLD, GDX, AEM, ABX

September 17, 2008 – 3:43 pm

from MyHappyTrading.com by HappyTrading! ™
The market was not encouraged by the government rescue solution for AIG; not one bit!  AIG fell more than 45% today to close just above $2/share.  The pre-announcement on MS earnings, which beat the estimates, did not help either.  MS shares flopped 24.22%!  Rest of the financial sector was a mess!  […]

By HappyTrading | Also posted in GS, GLD, ABX, MER, GDX, AEM, BAC, MS | Comments (0)

Market Keeps Gains In Volatile Trading! SPX, Nasdaq, GS, MER, BAC, PRU, AIG, MS

September 16, 2008 – 4:40 pm

from MyHappyTrading.com by HappyTrading! ™
Yesterday, in my evening post, I said,
“VIX shot up above 30 today and closed at 31.7!  Both SPX and Nasdaq closed below their July low levels (SPX 1200; Nasdaq 2200).  This downward momentum will likely carry through tomorrow morning.  Then, we’ll have to see if the bottom fishers come in and […]

By HappyTrading | Also posted in GS, MER, PRU, BAC, MS | Comments (0)

The Dow Drops 500 Points On Financial Woes! SPX, Nasdaq, LEH, AIG, MER

September 15, 2008 – 2:47 pm

from MyHappyTrading.com by HappyTrading! ™
I’m travelling today, so, I’ll do a quick market write-up.  Over the weekend LEH was unable to solidify a rescue plan for itself and was forced to file bankruptcy.  Further, more concerns over AIG exerted additional pressure.  Even with a buyout offer at $29/share, MER ended almost unchanged at $17.06! 
AIG has been […]

By HappyTrading | Also posted in MER, LEH | Comments (0)

Commodities Dive; LEH Down 45%!! SPX, Nasdaq, X, CLF, RTP, MEE, BTU, ACI, CNX, CF, MOS, POT, UPL, DVN, HK, CLR, HES, LEH, AIG

September 9, 2008 – 4:12 pm

Commodities and related sectors just cannot seem to find a bottom.  The market experienced another broad-based selloff!  Metals, coals, fertilizers, and energy stocks all recorded huge losses.  Metals:  X -12.94%; CLF -11.59%; RTP -8.09%.  Coals:  MEE -19.38%; BTU -8.81%; ACI -7.6%; CNX -9.4%.  Fertilizers:  MOS -11.88%; POT -8.52%; CF -12.05%.  Energy: UPL -9.31%; DVN -8.11%; […]

By HappyTrading | Also posted in POT, HES, MOS, X, RTP, CF, CLF, DVN, UPL, BTU, ACI, CNX, LEH, CLR, MEE, HK | Comments (0)

Financials Weigh On The Market Again: SPX, Nasdaq, AIG, BAC, C, SNDK, AMAT, INTC

August 7, 2008 – 5:20 pm

The market opened lower and got weaker as the day went. After 2 days of gains, the market was ready to take a breather. AIG’s horrific quarterly results gave the market more of a reason to take some money off the table. AIG shares fell more than 18% today. C’s multi-billion […]

By HappyTrading | Also posted in Nasdaq, INTC, SPX, AMAT, SNDK, C, BAC | Comments (0)