The market is lower this morning, after a big loss by AIG and more highs in oil seem to be weighing on sentiment. The weird thing is that many of the financials are higher, despite the debacle that is AIG. And most of the energy stocks are lower, even as oil makes new highs. Go figure.AIG posted an $8 billion loss, much larger than expected. The stock has fallen -10% in the last 2 days. And Fannie Mae (FNM) priced a stock offering below yesterday’s closing price, a sign of slight weakness. I though this news would have dragged the financial s[...]
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[Source: The Money Blogs]
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