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Tomorrow is definitely the day to buy. AIG actually didn't have that big of an affect today, since Bank of America bought them out. The AIG stock went up, but the Bank of America went down (but not as much as AIG went up). I gues the BoA stockholders were wondering what in the hell good could have come out of the AIG 50 billion buyout. But all in all it was a pretty crappy day, DOW said they were down 4.4% and Nasdaq said they were down 4.6%. Didn't check S&P.
I was watching the morning news from 6-9 this morning, the money guy had a bit of advise. We all know what he said, whether we heard it directly or not.
"Conservative investors should keep doing what they're doing"
"Day traders, it's a great time to buy"
Ha ha. No kidding?
You guys remember when gold was trading for $1000/oz? News anchors were "advising" to buy gold because it was just gonna keep going up. How much is gold now... $776.90. I'd be pissed if I didn't have any brains and just went out and bought like I was told.
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.