It is dangerous to trade on a day where there are interest rate annoucements or speeches from anyone at a central bank let alone the other problems going on at wallstreet.
Personally, and I may be going against the grain here....I hope that AIG gets given a 'bridge' loan so that they get enough time to sell some of its assets to get itself back in shape.
I saw an interview with the guy who built the company and spent his life building it. It was really sad to see this person so helpless now that he quit running the company and those people running it now did so much damage to it. Also there are more than 100 000 jobs on the line if AIG goes out of business. I know the fed can't bail out every company but this isn't really a 'bail out' just a bit of a loan that the compnay should be able to easily pay back.
Anyway, just make this post more EUR/USD related. I see this ship going down as I mentioned a few pages ago.
Personally, and I may be going against the grain here....I hope that AIG gets given a 'bridge' loan so that they get enough time to sell some of its assets to get itself back in shape.
I saw an interview with the guy who built the company and spent his life building it. It was really sad to see this person so helpless now that he quit running the company and those people running it now did so much damage to it. Also there are more than 100 000 jobs on the line if AIG goes out of business. I know the fed can't bail out every company but this isn't really a 'bail out' just a bit of a loan that the compnay should be able to easily pay back.
Anyway, just make this post more EUR/USD related. I see this ship going down as I mentioned a few pages ago.